Autohome (NYSE:ATHM) Stock Price Down 4.2% - Time to Sell?

Autohome Inc. (NYSE:ATHM - Get Free Report)'s share price dropped 4.2% during mid-day trading on Friday . The stock traded as low as $28.04 and last traded at $28.07. Approximately 47,954 shares were traded during trading, a decline of 89% from the average daily volume of 429,361 shares. The stock had previously closed at $29.31.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. CLSA lowered Autohome from an "outperform" rating to a "hold" rating in a research note on Thursday, October 24th. The Goldman Sachs Group upgraded Autohome to a "hold" rating in a research report on Wednesday, December 11th. Finally, StockNews.com cut shares of Autohome from a "buy" rating to a "hold" rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Autohome has an average rating of "Hold" and an average price target of $28.00.

Autohome Stock Up 0.2 %

The firm has a market capitalization of $3.38 billion, a PE ratio of 13.87 and a beta of 0.18. The firm's fifty day simple moving average is $27.08 and its 200-day simple moving average is $27.33.

Autohome Increases Dividend

The company also recently declared a Variable dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. This represents a dividend yield of 5.8%. This is a boost from Autohome's previous Variable dividend of $0.57. The ex-dividend date is Tuesday, December 31st. Autohome's dividend payout ratio is presently 83.58%.

Hedge Funds Weigh In On Autohome

A number of institutional investors have recently bought and sold shares of ATHM. Vontobel Holding Ltd. bought a new stake in Autohome in the 3rd quarter worth approximately $219,000. BlueCrest Capital Management Ltd purchased a new stake in Autohome during the third quarter valued at $228,000. Asset Management One Co. Ltd. lifted its position in Autohome by 37.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 9,742 shares of the information services provider's stock valued at $261,000 after purchasing an additional 2,652 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Autohome by 8.1% in the 4th quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider's stock worth $270,000 after buying an additional 778 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Autohome by 31.2% in the 3rd quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider's stock worth $304,000 after buying an additional 2,212 shares during the last quarter. 63.08% of the stock is owned by institutional investors.

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.