Pictet Asset Management Holding SA Sells 323,600 Shares of Autohome Inc. $ATHM

Pictet Asset Management Holding SA decreased its stake in shares of Autohome Inc. (NYSE:ATHM) by 77.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 94,900 shares of the information services provider’s stock after selling 323,600 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Autohome were worth $1,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in Autohome in the second quarter worth $29,000. Global Retirement Partners LLC raised its holdings in shares of Autohome by 205.9% during the fourth 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 during the period. Parallel Advisors LLC raised its holdings in shares of Autohome by 30.5% during the third 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 during the period. Guinness Asset Management LTD boosted its position 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 in the last quarter. Finally, Virtus Advisers LLC bought a new position in shares of Autohome during the 3rd quarter worth about $106,000. Institutional investors and hedge funds own 63.08% of the company’s stock.

Wall Street Analyst Weigh In

ATHM has been the subject of a number of research analyst reports. Zacks Research lowered Autohome from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. HSBC lowered Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target on the stock. in a report on Thursday, May 14th. Weiss Ratings downgraded Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. JPMorgan Chase & Co. lowered their target price on Autohome from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. Finally, Wall Street Zen cut Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $17.15.

Autohome Price Performance

NYSE:ATHM opened at $18.19 on Monday. The firm has a 50-day moving average of $18.03 and a 200-day moving average of $19.65. The company has a market cap of $2.10 billion, a PE ratio of 13.89 and a beta of 0.23. Autohome Inc. has a one year low of $15.57 and a one year high of $29.92.

Autohome Dividend Announcement

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

Insider Buying and Selling

In other news, CTO Bibo Xiang sold 10,508 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was 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 directly owned 62,368 shares of the company’s stock, valued at $271,300.80. This represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Yan Zeng sold 24,300 shares of the firm’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 $105,705.00. Following the completion of the transaction, the chief financial officer owned 169,940 shares in the company, valued at $739,239. This represents a 12.51% 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. Insiders own 5.70% of the company’s stock.

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.