Autohome Inc. $ATHM Shares Sold by Swedbank AB

Swedbank AB trimmed its position in shares of Autohome Inc. (NYSE:ATHM) by 74.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,100 shares of the information services provider’s stock after selling 26,086 shares during the quarter. Swedbank AB’s holdings in Autohome were worth $158,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new stake in Autohome during the 1st quarter worth $834,000. Assenagon Asset Management S.A. acquired a new stake in shares of Autohome in the first quarter valued at about $1,014,000. SG Americas Securities LLC lifted its stake in shares of Autohome by 9.0% in the first quarter. SG Americas Securities LLC now owns 61,715 shares of the information services provider’s stock worth $1,072,000 after buying an additional 5,120 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Autohome by 819.7% in the fourth quarter. Mackenzie Financial Corp now owns 102,088 shares of the information services provider’s stock worth $2,368,000 after buying an additional 90,988 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Autohome during the fourth quarter worth about $1,359,000. 63.08% of the stock is owned by institutional investors and hedge funds.

Autohome Trading Down 0.9%

Autohome stock traded down $0.18 during midday trading on Friday, hitting $20.32. 693,092 shares of the stock were exchanged, compared to its average volume of 814,914. Autohome Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $29.92. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 15.51 and a beta of 0.23. The stock’s 50-day simple moving average is $18.15 and its 200 day simple moving average is $19.55.

Autohome Announces Dividend

The company also recently declared a special dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 2nd will be issued 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%.

Analyst Ratings Changes

Several analysts recently issued reports on ATHM shares. Weiss Ratings cut shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. decreased their target price 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. Zacks Research cut Autohome from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Wall Street Zen lowered Autohome from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, HSBC cut Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target for the company. in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Autohome currently has a consensus rating of “Reduce” and an average target price of $17.15.

Insider Activity at Autohome

In other Autohome news, CFO Yan Zeng sold 24,300 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $4.35, for a total transaction of $105,705.00. Following the completion of the sale, the chief financial officer owned 169,940 shares of the company’s stock, valued at $739,239. This trade represents a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Autohome stock in a transaction 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 completion of the sale, the chief technology officer owned 62,368 shares in the company, valued at $271,300.80. This represents a 14.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 5.70% of the stock is currently owned by insiders.

Autohome 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.