Skandinaviska Enskilda Banken AB publ decreased its position in Autohome Inc. (NYSE:ATHM – Get Rating) by 93.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,200 shares of the information services provider’s stock after selling 174,572 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Autohome were worth $380,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new stake in Autohome in the 3rd quarter worth about $1,439,000. Vestmark Advisory Solutions Inc. lifted its holdings in Autohome by 18.3% during the second quarter. Vestmark Advisory Solutions Inc. now owns 36,688 shares of the information services provider’s stock worth $1,443,000 after acquiring an additional 5,673 shares during the period. M&G Investment Management Ltd. boosted its position in Autohome by 5.1% in the second quarter. M&G Investment Management Ltd. now owns 2,748,988 shares of the information services provider’s stock worth $107,211,000 after purchasing an additional 134,614 shares during the last quarter. GAM Holding AG bought a new position in Autohome in the 3rd quarter valued at $4,026,000. Finally, Seldon Capital LP purchased a new stake in shares of Autohome during the 2nd quarter valued at $2,790,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on ATHM shares. JPMorgan Chase & Co. assumed coverage on shares of Autohome in a report on Monday, January 30th. They issued a “neutral” rating on the stock. StockNews.com lowered shares of Autohome from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.93.
Autohome Stock Down 1.3 %
Autohome (NYSE:ATHM – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The information services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.11. The business had revenue of $274.50 million during the quarter, compared to analyst estimates of $266.10 million. Autohome had a net margin of 25.92% and a return on equity of 8.70%. On average, sell-side analysts expect that Autohome Inc. will post 2.48 earnings per share for the current fiscal year.
Autohome Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 11th. Investors of record on Tuesday, March 21st will be issued a dividend of $0.58 per share. This is a boost from Autohome’s previous annual dividend of $0.53. The ex-dividend date of this dividend is Monday, March 20th. This represents a yield of 1.62%. Autohome’s dividend payout ratio is 24.06%.
Autohome Profile
Autohome, Inc is a holding company, which engages in the development, operation, and maintenance of mobile applications and automobile websites. It offers used vehicles and new car dealer listings. The firm provides professionally produced and user-generated content, a comprehensive automobile library and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle.
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