Key Points
- Autohome CFO Yan Zeng sold 24,300 shares on May 29 at an average price of $4.35, totaling $105,705. The sale reduced his ownership by 12.51%, and it was made to cover tax withholding obligations tied to vesting equity awards.
- The company announced a special dividend of $0.66 per share, payable on July 31 to shareholders of record on July 2. Autohome’s dividend payout ratio is currently high at 133.59%.
- Wall Street sentiment remains cautious, with four analysts rating the stock Hold and one Sell, giving it a consensus “Reduce” rating. The consensus price target is $22.65, while HSBC recently cut its rating to Hold.
Autohome Inc. (NYSE:ATHM - Get Free Report) CTO Bibo Xiang sold 10,508 shares of the company'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 completion of the transaction, the chief technology officer owned 62,368 shares of the company's stock, valued at $271,300.80. This trade represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Autohome Trading Up 2.6%
Shares of ATHM stock opened at $18.38 on Wednesday. The company has a market capitalization of $2.12 billion, a PE ratio of 14.03 and a beta of 0.23. The firm has a fifty day simple moving average of $17.88 and a 200-day simple moving average of $20.59. Autohome Inc. has a twelve month low of $15.57 and a twelve month high of $29.92.
Autohome (NYSE:ATHM - Get Free Report) last posted its quarterly earnings results on Sunday, February 15th. The information services provider reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $208.96 million for the quarter. Autohome had a net margin of 17.91% and a return on equity of 5.01%. Equities research analysts predict that Autohome Inc. will post 1.24 EPS for the current year.
Autohome Dividend Announcement
The business also recently declared 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 of this dividend is Thursday, July 2nd. Autohome's dividend payout ratio is currently 133.59%.
Analyst Upgrades and Downgrades
ATHM has been the topic of several recent analyst reports. Wall Street Zen cut shares of Autohome from a "hold" rating to a "sell" rating in a report on Saturday, April 25th. Benchmark reaffirmed a "hold" rating on shares of Autohome in a report on Tuesday, February 24th. Weiss Ratings cut shares of Autohome from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, April 20th. Zacks Research raised shares of Autohome from a "strong sell" rating to a "hold" rating in a report on Monday, April 13th. Finally, HSBC cut shares of Autohome from a "buy" rating to a "hold" rating and set a $17.30 price target on the stock. in a report on Thursday, May 14th. Four 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 company has a consensus rating of "Reduce" and an average target price of $22.65.
Read Our Latest Report on ATHM
Institutional Trading of Autohome
A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of Autohome by 159.7% during the first quarter. Bank of America Corp DE now owns 364,818 shares of the information services provider's stock worth $6,337,000 after purchasing an additional 224,318 shares during the period. Royal Bank of Canada raised its holdings in shares of Autohome by 35.2% during the first quarter. Royal Bank of Canada now owns 72,460 shares of the information services provider's stock worth $1,259,000 after purchasing an additional 18,871 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of Autohome during the first quarter worth $184,000. Renaissance Technologies LLC acquired a new stake in shares of Autohome during the first quarter worth $2,418,000. Finally, First Trust Advisors LP acquired a new stake in shares of Autohome during the first quarter worth $5,714,000. 63.08% of the stock is owned by institutional investors and hedge funds.
Autohome Company Profile
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Get Free Report)
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.
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