Yan Zeng Sells 24,300 Shares of Autohome (NYSE:ATHM) Stock

Autohome Inc. (NYSE:ATHM) CFO Yan Zeng sold 24,300 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $4.35, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Autohome Price Performance

ATHM traded up $0.49 during trading on Tuesday, hitting $18.38. The stock had a trading volume of 616,954 shares, compared to its average volume of 595,714. The company has a 50 day moving average price of $17.88 and a 200-day moving average price of $20.59. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 14.01 and a beta of 0.26. Autohome Inc. has a one year low of $15.57 and a one year high of $29.92.

Autohome (NYSE:ATHM) last released its earnings results on Sunday, February 15th. The information services provider reported $0.09 earnings per share for the quarter. The firm had revenue of $208.96 million during the quarter. Autohome had a return on equity of 5.01% and a net margin of 17.91%. As a group, sell-side analysts predict that Autohome Inc. will post 1.24 EPS for the current fiscal year.

Autohome Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, July 31st. Stockholders 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 is presently 183.97%.

Hedge Funds Weigh In On Autohome

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Autohome in the second quarter valued at about $29,000. Global Retirement Partners LLC boosted its position 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 valued at $37,000 after purchasing an additional 1,112 shares in the last quarter. Guinness Asset Management LTD boosted its position in shares of Autohome by 20.9% during the 3rd quarter. Guinness Asset Management LTD now owns 2,711 shares of the information services provider’s stock valued at $79,000 after purchasing an additional 469 shares in the last quarter. Parallel Advisors LLC boosted 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 purchasing an additional 674 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Autohome by 141.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,222 shares of the information services provider’s stock valued at $92,000 after purchasing an additional 1,889 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Benchmark reiterated a “hold” rating on shares of Autohome in a research report on Tuesday, February 24th. HSBC downgraded Autohome from a “buy” rating to a “hold” rating and set a $17.30 target price for the company. in a research report on Thursday, May 14th. Wall Street Zen downgraded Autohome from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Weiss Ratings downgraded Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Autohome presently has an average rating of “Reduce” and a consensus target price of $22.65.

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.