Autohome (NYSE:ATHM) Upgraded at StockNews.com

StockNews.com upgraded shares of Autohome (NYSE:ATHM) from a hold rating to a buy rating in a research report released on Thursday morning.

Other analysts have also recently issued research reports about the stock. CLSA cut shares of Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. Hsbc Global Res raised Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group raised Autohome to a “hold” rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Autohome Trading Up 4.1 %

Shares of ATHM stock opened at $27.59 on Thursday. Autohome has a 12 month low of $21.89 and a 12 month high of $34.70. The company has a market cap of $3.34 billion, a P/E ratio of 13.72 and a beta of 0.18. The firm has a fifty day moving average price of $26.98 and a 200 day moving average price of $27.30.

Autohome Increases Dividend

The business also recently declared a Variable dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Autohome’s previous Variable dividend of $0.57. Autohome’s dividend payout ratio is 83.58%.

Hedge Funds Weigh In On Autohome

Hedge funds and other institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its holdings in shares of Autohome by 93.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock valued at $146,000 after acquiring an additional 2,614 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Autohome by 34.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 106,462 shares of the information services provider’s stock valued at $2,922,000 after purchasing an additional 27,386 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Autohome by 10.7% during the second quarter. Hsbc Holdings PLC now owns 249,984 shares of the information services provider’s stock worth $6,862,000 after buying an additional 24,115 shares in the last quarter. XTX Topco Ltd acquired a new position in Autohome during the second quarter worth about $221,000. Finally, Sei Investments Co. increased its holdings in Autohome by 7.4% in the second quarter. Sei Investments Co. now owns 328,454 shares of the information services provider’s stock valued at $9,016,000 after buying an additional 22,719 shares in the last quarter. 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.