Ethic Inc. Buys New Position in Autohome Inc. $ATHM

Ethic Inc. bought a new stake in Autohome Inc. (NYSE:ATHM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,379 shares of the information services provider’s stock, valued at approximately $373,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC grew its holdings in shares of Autohome by 40.6% in the second quarter. Signaturefd LLC now owns 1,466 shares of the information services provider’s stock worth $38,000 after purchasing an additional 423 shares during the last quarter. Guinness Asset Management LTD grew its holdings in shares of Autohome by 147.3% in the first quarter. Guinness Asset Management LTD now owns 1,978 shares of the information services provider’s stock worth $55,000 after purchasing an additional 1,178 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Autohome in the first quarter worth approximately $57,000. Parallel Advisors LLC grew its holdings in shares of Autohome by 42.4% in the second quarter. Parallel Advisors LLC now owns 2,212 shares of the information services provider’s stock worth $57,000 after purchasing an additional 659 shares during the last quarter. Finally, Liontrust Investment Partners LLP bought a new position in shares of Autohome in the first quarter worth approximately $129,000. 63.08% of the stock is owned by hedge funds and other institutional investors.

Autohome Price Performance

ATHM opened at $25.44 on Thursday. The stock has a 50-day moving average price of $28.32 and a 200-day moving average price of $27.18. The firm has a market cap of $2.97 billion, a PE ratio of 14.96 and a beta of 0.09. Autohome Inc. has a 1 year low of $23.39 and a 1 year high of $32.70.

Autohome Dividend Announcement

The business also recently declared a special dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, October 20th will be given a $0.59 dividend. The ex-dividend date of this dividend is Monday, October 20th. Autohome’s payout ratio is currently 100.00%.

Analyst Ratings Changes

Several research analysts have recently issued reports on ATHM shares. Weiss Ratings restated a “hold (c)” rating on shares of Autohome in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut shares of Autohome from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $36.00 to $28.00 in a report on Wednesday. Finally, Zacks Research cut shares of Autohome from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $28.00.

About Autohome

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.