M&G PLC grew its stake in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,384,865 shares of the information services provider's stock after buying an additional 296,107 shares during the period. M&G PLC owned 2.70% of Autohome worth $111,701,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Autohome by 11.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,311,742 shares of the information services provider's stock worth $36,007,000 after acquiring an additional 133,993 shares during the period. Hsbc Holdings PLC raised its position in shares of Autohome by 10.7% in the second quarter. Hsbc Holdings PLC now owns 249,984 shares of the information services provider's stock worth $6,862,000 after buying an additional 24,115 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Autohome by 146.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,059 shares of the information services provider's stock valued at $889,000 after buying an additional 18,446 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Autohome during the second quarter valued at $2,497,000. Finally, Krane Funds Advisors LLC grew its position in Autohome by 10.7% during the second quarter. Krane Funds Advisors LLC now owns 2,816,972 shares of the information services provider's stock worth $77,326,000 after buying an additional 272,092 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors.
Autohome Stock Up 3.0 %
Shares of NYSE ATHM traded up $0.83 during trading hours on Thursday, reaching $28.85. 307,917 shares of the stock traded hands, compared to its average volume of 474,427. The company's 50-day simple moving average is $29.47 and its two-hundred day simple moving average is $27.46. The company has a market capitalization of $3.51 billion, a P/E ratio of 13.09 and a beta of 0.18. Autohome Inc. has a 52-week low of $21.89 and a 52-week high of $34.70.
Autohome (NYSE:ATHM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The information services provider reported $0.51 EPS for the quarter, meeting analysts' consensus estimates of $0.51. The business had revenue of $252.87 million for the quarter, compared to analysts' expectations of $248.99 million. Autohome had a net margin of 25.81% and a return on equity of 8.19%. As a group, sell-side analysts forecast that Autohome Inc. will post 2.02 earnings per share for the current fiscal year.
Autohome declared that its Board of Directors has initiated a share buyback plan on Wednesday, September 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.
Autohome Increases Dividend
The firm also recently announced a Variable dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, December 31st will be given a $1.15 dividend. This represents a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Autohome's previous Variable dividend of $0.57. Autohome's dividend payout ratio (DPR) is presently 78.50%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on ATHM. Benchmark downgraded Autohome from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Citigroup reiterated a "neutral" rating and set a $28.00 target price (down from $31.00) on shares of Autohome in a research report on Friday, July 19th. CLSA cut shares of Autohome from an "outperform" rating to a "hold" rating in a research note on Thursday, October 24th. Hsbc Global Res upgraded shares of Autohome to a "strong-buy" rating in a research report on Thursday, October 3rd. Finally, StockNews.com raised shares of Autohome from a "hold" rating to a "buy" rating in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $28.00.
Check Out Our Latest Analysis on ATHM
Autohome Company Profile
(
Free Report)
Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.
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