Autohome (NYSE:ATHM) Reaches New 1-Year Low – Here’s Why

Autohome Inc. (NYSE:ATHM)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $21.93 and last traded at $21.8550, with a volume of 168729 shares trading hands. The stock had previously closed at $22.42.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ATHM shares. Zacks Research lowered Autohome from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. JPMorgan Chase & Co. lowered shares of Autohome from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $28.00 in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Autohome in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $28.00.

Autohome Stock Performance

The business’s 50 day moving average is $23.78 and its 200 day moving average is $26.45. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 12.90 and a beta of 0.08.

Autohome Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Thursday, February 19th. Stockholders of record on Wednesday, December 31st will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. Autohome’s dividend payout ratio (DPR) is 102.94%.

Institutional Investors Weigh In On Autohome

Several hedge funds have recently bought and sold shares of ATHM. Amundi raised its holdings in shares of Autohome by 8.5% during the first quarter. Amundi now owns 138,861 shares of the information services provider’s stock worth $3,794,000 after acquiring an additional 10,890 shares in the last quarter. Long Corridor Asset Management Ltd grew its stake in Autohome by 72.5% in the second quarter. Long Corridor Asset Management Ltd now owns 557,359 shares of the information services provider’s stock valued at $14,374,000 after purchasing an additional 234,276 shares in the last quarter. KBC Group NV increased its position in Autohome by 19.5% in the 2nd quarter. KBC Group NV now owns 93,681 shares of the information services provider’s stock worth $2,416,000 after purchasing an additional 15,272 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Autohome by 40.5% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 56,220 shares of the information services provider’s stock worth $1,450,000 after purchasing an additional 16,212 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Autohome by 32.0% during the 2nd quarter. Schroder Investment Management Group now owns 1,215,213 shares of the information services provider’s stock worth $31,340,000 after purchasing an additional 294,701 shares in the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

Autohome Company Profile

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.