Y Intercept Hong Kong Ltd Invests $834,000 in Autohome Inc. $ATHM

Y Intercept Hong Kong Ltd bought a new stake in Autohome Inc. (NYSE:ATHM) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 48,039 shares of the information services provider’s stock, valued at approximately $834,000.

Several other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Autohome in the second quarter worth $29,000. Global Retirement Partners LLC boosted its holdings 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 buying an additional 1,112 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Autohome by 30.5% in the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock worth $82,000 after buying an additional 674 shares during the period. Guinness Asset Management LTD grew its position in shares of Autohome by 20.7% in the 4th quarter. Guinness Asset Management LTD now owns 3,271 shares of the information services provider’s stock worth $76,000 after buying an additional 560 shares during the period. Finally, Virtus Advisers LLC bought a new position in shares of Autohome in the 3rd quarter worth about $106,000. 63.08% of the stock is currently owned by institutional investors.

Insider Activity at Autohome

In other Autohome news, CFO Yan Zeng sold 24,300 shares of Autohome 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 sale, the chief financial officer owned 169,940 shares of the company’s stock, valued at approximately $739,239. The trade was a 12.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Bibo Xiang sold 10,508 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 transaction of $45,709.80. Following the sale, the chief technology officer owned 62,368 shares of the company’s stock, valued at approximately $271,300.80. This represents a 14.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 5.70% of the company’s stock.

Autohome Price Performance

Autohome stock opened at $20.32 on Monday. Autohome Inc. has a one year low of $15.57 and a one year high of $29.92. The business’s fifty day moving average is $18.15 and its 200 day moving average is $19.52. The stock has a market capitalization of $2.34 billion, a PE ratio of 15.51 and a beta of 0.23.

Autohome Dividend Announcement

The business also recently announced a special dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 2nd will be issued a $0.66 dividend. The ex-dividend date is Thursday, July 2nd. Autohome’s dividend payout ratio (DPR) is currently 183.97%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Weiss Ratings cut shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Zacks Research downgraded shares of Autohome from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Wall Street Zen lowered shares of Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. JPMorgan Chase & Co. dropped their price target 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, HSBC downgraded Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target on the stock. in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $17.15.

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.