Autohome (NYSE:ATHM) Hits New 52-Week Low – Time to Sell?

Autohome Inc. (NYSE:ATHM)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $22.82 and last traded at $22.8380, with a volume of 45703 shares changing hands. The stock had previously closed at $23.30.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ATHM. JPMorgan Chase & Co. cut shares of Autohome from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $28.00 in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Autohome in a report on Monday. Finally, Zacks Research downgraded shares of Autohome from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $28.00.

Autohome Trading Down 0.8%

The firm has a fifty day moving average of $24.88 and a 200 day moving average of $26.69. The company has a market capitalization of $2.70 billion, a P/E ratio of 13.58 and a beta of 0.10.

Autohome Dividend Announcement

The business also recently announced a special dividend, which will be paid on Thursday, February 19th. Investors of record on Wednesday, December 31st will be issued a $1.20 dividend. The ex-dividend date is Wednesday, December 31st. Autohome’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Investors Weigh In On Autohome

A number of hedge funds have recently added to or reduced their stakes in the stock. AIA Group Ltd boosted its stake in shares of Autohome by 37.3% in the 3rd quarter. AIA Group Ltd now owns 53,906 shares of the information services provider’s stock worth $1,539,000 after buying an additional 14,657 shares during the last quarter. BlueCrest Capital Management Ltd increased its position in Autohome by 468.8% during the third quarter. BlueCrest Capital Management Ltd now owns 45,500 shares of the information services provider’s stock valued at $1,299,000 after acquiring an additional 37,500 shares during the last quarter. Danske Bank A S bought a new position in Autohome in the third quarter valued at about $536,000. Woodline Partners LP bought a new position in Autohome in the third quarter valued at about $1,091,000. Finally, Virtus Advisers LLC purchased a new position in Autohome in the third quarter worth about $106,000. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.