Autohome (NYSE:ATHM) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Autohome (NYSE:ATHM - Free Report) from a hold rating to a buy rating in a report published on Thursday morning.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group upgraded Autohome to a "hold" rating in a research note on Wednesday, December 11th. Hsbc Global Res upgraded shares of Autohome to a "strong-buy" rating in a report on Thursday, October 3rd. Finally, CLSA lowered shares of Autohome from an "outperform" rating to a "hold" rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Autohome currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.00.

Autohome Stock Down 0.6 %

ATHM stock traded down $0.16 during midday trading on Thursday, hitting $26.57. The company's stock had a trading volume of 424,932 shares, compared to its average volume of 450,613. Autohome has a 52-week low of $21.89 and a 52-week high of $34.70. The firm has a 50-day simple moving average of $26.99 and a 200-day simple moving average of $27.29. The firm has a market capitalization of $3.22 billion, a P/E ratio of 13.22 and a beta of 0.18.

Autohome Increases Dividend

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, December 31st will be issued 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 boost from Autohome's previous Variable dividend of $0.57. Autohome's dividend payout ratio (DPR) is presently 83.58%.

Institutional Investors Weigh In On Autohome

Institutional investors and hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale increased its stake in Autohome by 93.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider's stock valued at $146,000 after purchasing an additional 2,614 shares during the period. Vontobel Holding Ltd. acquired a new position in Autohome in the 3rd quarter valued at about $219,000. XTX Topco Ltd acquired a new position in shares of Autohome during the second quarter worth about $221,000. BlueCrest Capital Management Ltd purchased a new stake in Autohome in the 3rd quarter valued at approximately $228,000. Finally, Ritholtz Wealth Management increased its position in Autohome by 8.1% during the 4th quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider's stock worth $270,000 after purchasing an additional 778 shares during the period. 63.08% of the stock is owned by hedge funds and other 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.