Autohome (NYSE:ATHM) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Autohome Inc. (NYSE:ATHM)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $26.27 and traded as low as $22.89. Autohome shares last traded at $23.14, with a volume of 554,861 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ATHM shares. JPMorgan Chase & Co. cut shares of Autohome from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $36.00 to $28.00 in a research report on Wednesday, October 29th. Zacks Research raised shares of Autohome from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Autohome in a research note on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.00.

Autohome Price Performance

The business’s fifty day moving average price is $23.41 and its 200 day moving average price is $26.27. The stock has a market cap of $2.70 billion, a P/E ratio of 13.61 and a beta of 0.08.

Autohome Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of Autohome by 12.2% during the 3rd quarter. Invesco Ltd. now owns 7,968,365 shares of the information services provider’s stock valued at $227,497,000 after acquiring an additional 868,151 shares in the last quarter. Krane Funds Advisors LLC boosted its stake in shares of Autohome by 25.0% during the third quarter. Krane Funds Advisors LLC now owns 3,387,052 shares of the information services provider’s stock valued at $93,178,000 after purchasing an additional 678,214 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Autohome by 1.3% during the third quarter. Vanguard Group Inc. now owns 2,642,537 shares of the information services provider’s stock valued at $75,444,000 after purchasing an additional 33,029 shares in the last quarter. North of South Capital LLP grew its holdings in shares of Autohome by 3.6% during the third quarter. North of South Capital LLP now owns 2,284,939 shares of the information services provider’s stock worth $65,235,000 after purchasing an additional 78,978 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Autohome by 9.6% in the third quarter. Federated Hermes Inc. now owns 1,526,558 shares of the information services provider’s stock valued at $43,583,000 after buying an additional 133,525 shares during the period. 63.08% of the stock is currently owned by institutional investors.

About Autohome

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.