Autohome (NYSE:ATHM) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of Autohome Inc. (NYSE:ATHM) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $18.42 and traded as high as $22.39. Autohome shares last traded at $21.4310, with a volume of 628,249 shares.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ATHM. Wall Street Zen lowered Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Autohome in a research note on Friday. Zacks Research lowered shares of Autohome from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. lowered their price objective on shares of Autohome from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 3rd. Finally, HSBC downgraded shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 target price for the company. in a report on Thursday, May 14th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $17.15.

Autohome Price Performance

The firm has a 50-day simple moving average of $18.42 and a two-hundred day simple moving average of $19.44. The company has a market cap of $2.47 billion, a PE ratio of 16.36 and a beta of 0.23.

Autohome Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 2nd will be given a dividend of $0.66 per share. The ex-dividend date is Thursday, July 2nd. Autohome’s dividend payout ratio (DPR) is currently 183.97%.

Insider Activity

In other Autohome news, CFO Yan Zeng sold 24,300 shares of the company’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 $105,705.00. Following the transaction, the chief financial officer directly owned 169,940 shares in the company, valued at approximately $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 accessible through this link. 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 stock was sold at an average price of $4.35, for a total transaction of $45,709.80. Following the sale, the chief technology officer directly owned 62,368 shares in the company, valued at $271,300.80. This represents a 14.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 5.70% of the company’s stock.

Institutional Trading of Autohome

A number of hedge funds have recently bought and sold shares of ATHM. The Manufacturers Life Insurance Company lifted its stake in Autohome by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider’s stock valued at $236,000 after acquiring an additional 438 shares during the last quarter. Mondrian Investment Partners LTD increased its stake in shares of Autohome by 10.1% during the 4th quarter. Mondrian Investment Partners LTD now owns 5,714 shares of the information services provider’s stock worth $127,000 after purchasing an additional 523 shares during the last quarter. Guinness Asset Management LTD increased 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 purchasing an additional 560 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Autohome by 5.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,101 shares of the information services provider’s stock valued at $247,000 after purchasing an additional 601 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings 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 purchasing an additional 674 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

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.