Autohome Inc. (NYSE:ATHM) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Autohome Inc. (NYSE:ATHM - Free Report) by 13.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 546,305 shares of the information services provider's stock after selling 88,447 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.45% of Autohome worth $17,820,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ATHM. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Autohome by 16.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,193 shares of the information services provider's stock worth $1,018,000 after buying an additional 4,516 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Autohome by 8.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 261,564 shares of the information services provider's stock worth $8,532,000 after acquiring an additional 19,983 shares in the last quarter. Bank of Montreal Can increased its position in shares of Autohome by 33.8% in the 3rd quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider's stock worth $3,484,000 after purchasing an additional 26,657 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Autohome by 1.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider's stock valued at $1,238,000 after purchasing an additional 394 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Autohome by 948.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,508 shares of the information services provider's stock worth $2,594,000 after purchasing an additional 71,923 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company's stock.

Autohome Trading Up 0.8 %

NYSE ATHM traded up $0.23 during trading hours on Friday, reaching $28.19. The company's stock had a trading volume of 574,316 shares, compared to its average volume of 450,921. The stock has a market cap of $3.41 billion, a PE ratio of 14.02 and a beta of 0.20. The business has a 50-day simple moving average of $29.44 and a 200 day simple moving average of $27.51. Autohome Inc. has a 52 week low of $21.89 and a 52 week high of $34.70.

Autohome announced that its board has authorized a share buyback program on Wednesday, September 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Autohome Increases Dividend

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, December 31st will be given a dividend of $1.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a yield of 5.8%. This is a positive change from Autohome's previous Variable dividend of $0.57. Autohome's payout ratio is currently 83.58%.

Analyst Ratings Changes

Several analysts recently weighed in on ATHM shares. CLSA lowered Autohome from an "outperform" rating to a "hold" rating in a report on Thursday, October 24th. Hsbc Global Res upgraded Autohome to a "strong-buy" rating in a report on Thursday, October 3rd. Finally, StockNews.com cut Autohome from a "buy" rating to a "hold" rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $28.00.

Autohome Company Profile

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.