JPMorgan Chase & Co. Raises Holdings in Autohome Inc. (NYSE:ATHM)

JPMorgan Chase & Co. increased its position in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 78.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 154,988 shares of the information services provider's stock after purchasing an additional 67,957 shares during the quarter. JPMorgan Chase & Co. owned 0.13% of Autohome worth $5,056,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Autohome in the third quarter valued at approximately $6,663,000. Barrow Hanley Mewhinney & Strauss LLC grew 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 valued at $36,007,000 after buying an additional 133,993 shares during the last quarter. Jane Street Group LLC acquired a new stake in Autohome during the 3rd quarter valued at $784,000. Bank of Montreal Can increased its position in Autohome by 33.8% during the third quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider's stock worth $3,484,000 after buying an additional 26,657 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings 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 acquiring an additional 24,115 shares during the last quarter. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Autohome Price Performance

NYSE:ATHM traded up $1.08 during mid-day trading on Friday, reaching $27.59. The company's stock had a trading volume of 755,012 shares, compared to its average volume of 478,282. The stock has a market cap of $3.34 billion, a P/E ratio of 13.72 and a beta of 0.18. The company's fifty day simple moving average is $26.98 and its two-hundred day simple moving average is $27.30. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70.

Autohome Increases Dividend

The business 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. The ex-dividend date is Tuesday, December 31st. This is a boost from Autohome's previous Variable dividend of $0.57. This represents a dividend yield of 5.8%. Autohome's dividend payout ratio (DPR) is currently 83.58%.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com upgraded Autohome from a "hold" rating to a "buy" rating in a research report on Thursday. CLSA downgraded shares of Autohome from an "outperform" rating to a "hold" rating in a report on Thursday, October 24th. Hsbc Global Res raised shares of Autohome to a "strong-buy" rating in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group upgraded shares of Autohome to a "hold" rating in a research report on Wednesday, December 11th. Four 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, Autohome currently has an average rating of "Moderate Buy" and an average price target of $28.00.

Autohome 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.