Autohome Inc. $ATHM Shares Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions grew its holdings in Autohome Inc. (NYSE:ATHM) by 47.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 308,171 shares of the information services provider’s stock after acquiring an additional 99,422 shares during the quarter. ABN Amro Investment Solutions’ holdings in Autohome were worth $5,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Qube Research & Technologies Ltd boosted its holdings in shares of Autohome by 42.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 185,882 shares of the information services provider’s stock valued at $4,794,000 after buying an additional 55,167 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Autohome by 0.4% during the second quarter. Sei Investments Co. now owns 338,720 shares of the information services provider’s stock worth $8,736,000 after purchasing an additional 1,197 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Autohome by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider’s stock worth $236,000 after purchasing an additional 438 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Autohome during the second quarter worth about $1,086,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Autohome during the second quarter worth about $29,000. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Stock Performance

NYSE ATHM opened at $21.58 on Thursday. The firm’s fifty day moving average is $18.52 and its two-hundred day moving average is $19.42. Autohome Inc. has a one year low of $15.57 and a one year high of $29.92. The firm has a market cap of $2.49 billion, a PE ratio of 16.47 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. Investors of record on Thursday, July 2nd will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, July 2nd. Autohome’s dividend payout ratio (DPR) is currently 183.97%.

Insider Activity

In related news, CFO Yan Zeng sold 24,300 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $4.35, for a total value of $105,705.00. Following the transaction, the chief financial officer owned 169,940 shares in the company, valued at $739,239. The trade was a 12.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $4.35, for a total value of $45,709.80. Following the sale, the chief technology officer directly owned 62,368 shares of the company’s stock, valued at approximately $271,300.80. This represents a 14.42% decrease in their ownership of the stock. 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. Insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ATHM shares. Wall Street Zen downgraded Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. HSBC downgraded Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target on the stock. in a research note on Thursday, May 14th. JPMorgan Chase & Co. reduced their price objective on Autohome from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, June 3rd. Zacks Research downgraded Autohome from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Autohome in a report on Friday, July 17th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Autohome currently has an average rating of “Reduce” and an average target price of $17.15.

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.