Autohome (NYSE:ATHM) Sets New 1-Year Low – Here’s Why

Autohome Inc. (NYSE:ATHM) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $23.11 and last traded at $23.1910, with a volume of 337946 shares traded. The stock had previously closed at $23.65.

Analyst Ratings Changes

ATHM has been the topic of several recent research reports. Zacks Research downgraded shares of Autohome from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Autohome in a report on Wednesday. Finally, JPMorgan Chase & Co. cut shares of Autohome from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $28.00 in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $28.00.

Autohome Price Performance

The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 13.64 and a beta of 0.09. The stock has a 50 day moving average price of $27.07 and a 200-day moving average price of $26.94.

Autohome Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, February 19th. Shareholders 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 is presently 104.12%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Autohome in the second quarter valued at approximately $29,000. PNC Financial Services Group Inc. grew its holdings in Autohome by 124.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,333 shares of the information services provider’s stock valued at $34,000 after buying an additional 739 shares in the last quarter. Signaturefd LLC increased its stake in shares of Autohome by 40.6% in the 2nd quarter. Signaturefd LLC now owns 1,466 shares of the information services provider’s stock worth $38,000 after acquiring an additional 423 shares during the last quarter. Guinness Asset Management LTD raised its holdings in shares of Autohome by 147.3% during the 1st quarter. Guinness Asset Management LTD now owns 1,978 shares of the information services provider’s stock worth $55,000 after acquiring an additional 1,178 shares during the period. Finally, SVB Wealth LLC purchased a new position in shares of Autohome during the 1st quarter worth $57,000. 63.08% of the stock is currently owned by institutional investors and hedge funds.

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.