Autohome (NYSE:ATHM) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Autohome Inc. (NYSE:ATHM) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-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 traded.

Analyst Ratings Changes

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

Autohome Price Performance

The company has a fifty day moving average price of $18.47 and a 200 day moving average price of $19.43. The company has a market cap of $2.49 billion, a PE ratio of 16.47 and a beta of 0.23.

Autohome Dividend Announcement

The business also recently disclosed 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 of this dividend is Thursday, July 2nd. Autohome’s payout ratio is currently 183.97%.

Insider Buying and Selling at Autohome

In other Autohome news, CTO Bibo Xiang sold 10,508 shares of Autohome 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 completion of the sale, the chief technology officer owned 62,368 shares of the company’s stock, valued at $271,300.80. The trade was a 14.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 company’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 completion of the transaction, the chief financial officer owned 169,940 shares of the company’s stock, valued at $739,239. The trade was a 12.51% 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. 5.70% of the stock is currently owned by insiders.

Institutional Trading of Autohome

Hedge funds have recently bought and sold shares of the company. Pictet Asset Management Holding SA raised its stake in shares of Autohome by 33.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 418,500 shares of the information services provider’s stock worth $9,316,000 after acquiring an additional 104,800 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Autohome in the 1st quarter valued at $1,014,000. Vanguard Group Inc. boosted its stake in shares of Autohome by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,682,506 shares of the information services provider’s stock valued at $59,713,000 after purchasing an additional 39,969 shares in the last quarter. SG Americas Securities LLC raised its position in Autohome by 210.0% in the 4th quarter. SG Americas Securities LLC now owns 56,595 shares of the information services provider’s stock worth $1,260,000 after purchasing an additional 38,341 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Autohome by 262,750.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 84,112 shares of the information services provider’s stock worth $1,872,000 after purchasing an additional 84,080 shares during the period. Institutional investors own 63.08% of the company’s stock.

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.