ABN Amro Investment Solutions Invests $1.51 Million in Autohome Inc. $ATHM

ABN Amro Investment Solutions acquired a new stake in shares of Autohome Inc. (NYSE:ATHM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 58,559 shares of the information services provider’s stock, valued at approximately $1,510,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in Autohome by 124.4% during the second quarter. PNC Financial Services Group Inc. now owns 1,333 shares of the information services provider’s stock valued at $34,000 after purchasing an additional 739 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Autohome by 40.6% during the 2nd quarter. Signaturefd LLC now owns 1,466 shares of the information services provider’s stock worth $38,000 after buying an additional 423 shares during the period. Guinness Asset Management LTD boosted its holdings in shares of Autohome by 147.3% during the 1st quarter. Guinness Asset Management LTD now owns 1,978 shares of the information services provider’s stock worth $55,000 after buying an additional 1,178 shares during the period. SVB Wealth LLC acquired a new position in Autohome in the 1st quarter valued at $57,000. Finally, Parallel Advisors LLC raised its holdings in Autohome by 42.4% in the 2nd quarter. Parallel Advisors LLC now owns 2,212 shares of the information services provider’s stock worth $57,000 after acquiring an additional 659 shares during the period. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Autohome Trading Down 3.2%

NYSE ATHM opened at $24.06 on Friday. Autohome Inc. has a 1-year low of $23.39 and a 1-year high of $32.70. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 14.15 and a beta of 0.09. The stock’s 50 day moving average is $27.37 and its two-hundred day moving average is $27.02.

Autohome Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, February 19th. Investors of record on Wednesday, December 31st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. Autohome’s payout ratio is currently 104.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Zacks Research cut shares of Autohome from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. JPMorgan Chase & Co. downgraded Autohome from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $28.00 in a research note on Wednesday, October 29th. Finally, Weiss Ratings raised Autohome from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $28.00.

Autohome 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.