Y Intercept Hong Kong Ltd Invests $834,000 in Autohome Inc. $ATHM

Y Intercept Hong Kong Ltd acquired a new position in Autohome Inc. (NYSE:ATHM) during the first quarter, HoldingsChannel.com reports. The fund acquired 48,039 shares of the information services provider’s stock, valued at approximately $834,000.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Autohome during the second quarter valued at approximately $29,000. Global Retirement Partners LLC boosted its stake in shares of Autohome by 205.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,652 shares of the information services provider’s stock worth $37,000 after acquiring an additional 1,112 shares during the last quarter. Guinness Asset Management LTD boosted its stake in shares of Autohome by 20.7% during the 4th quarter. Guinness Asset Management LTD now owns 3,271 shares of the information services provider’s stock worth $76,000 after acquiring an additional 560 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Autohome by 30.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock valued at $82,000 after acquiring an additional 674 shares during the period. Finally, Virtus Advisers LLC bought a new stake in shares of Autohome during the 3rd quarter valued at $106,000. 63.08% of the stock is currently owned by institutional investors.

Autohome Stock Performance

ATHM stock opened at $20.32 on Monday. The company’s fifty day moving average price is $18.15 and its 200-day moving average price is $19.52. Autohome Inc. has a one year low of $15.57 and a one year high of $29.92. The company has a market capitalization of $2.34 billion, a PE ratio of 15.51 and a beta of 0.23.

Autohome Announces Dividend

The business also recently declared a special dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 2nd will be paid a $0.66 dividend. The ex-dividend date is Thursday, July 2nd. Autohome’s payout ratio is presently 183.97%.

Insider Buying and Selling at Autohome

In other Autohome news, CFO Yan Zeng sold 24,300 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $4.35, for a total transaction of $105,705.00. Following the completion of the transaction, the chief financial officer owned 169,940 shares of the company’s stock, valued at $739,239. This represents a 12.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Bibo Xiang sold 10,508 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $4.35, for a total value of $45,709.80. Following the transaction, the chief technology officer owned 62,368 shares of the company’s stock, valued at approximately $271,300.80. The trade was a 14.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 5.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. HSBC cut Autohome from a “buy” rating to a “hold” rating and set a $17.30 target price on the stock. in a report on Thursday, May 14th. Wall Street Zen lowered Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. JPMorgan Chase & Co. reduced their price target on Autohome from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Zacks Research downgraded Autohome from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings cut Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $17.15.

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.