Federated Hermes Inc. Grows Holdings in Autohome Inc. $ATHM

Federated Hermes Inc. lifted its position in shares of Autohome Inc. (NYSE:ATHM) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,526,558 shares of the information services provider’s stock after acquiring an additional 133,525 shares during the quarter. Federated Hermes Inc. owned 1.31% of Autohome worth $43,583,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Invesco Ltd. raised its holdings in Autohome by 6.4% in the 2nd quarter. Invesco Ltd. now owns 7,100,214 shares of the information services provider’s stock worth $183,115,000 after purchasing an additional 427,889 shares during the period. North of South Capital LLP raised its stake in shares of Autohome by 3.6% during the 3rd quarter. North of South Capital LLP now owns 2,284,939 shares of the information services provider’s stock worth $65,235,000 after buying an additional 78,978 shares during the period. Schroder Investment Management Group lifted its position in shares of Autohome by 32.0% during the 2nd quarter. Schroder Investment Management Group now owns 1,215,213 shares of the information services provider’s stock valued at $31,340,000 after buying an additional 294,701 shares in the last quarter. Long Corridor Asset Management Ltd grew its stake in Autohome by 72.5% in the 2nd quarter. Long Corridor Asset Management Ltd now owns 557,359 shares of the information services provider’s stock valued at $14,374,000 after acquiring an additional 234,276 shares during the period. Finally, Norges Bank purchased a new stake in Autohome in the 2nd quarter worth $12,120,000. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on ATHM. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Autohome in a report on Monday, December 29th. Zacks Research raised shares of Autohome from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. cut Autohome from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $36.00 to $28.00 in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $28.00.

Autohome Trading Up 2.1%

ATHM stock opened at $23.02 on Friday. The firm has a 50-day moving average of $23.16 and a two-hundred day moving average of $26.04. Autohome Inc. has a 12 month low of $21.78 and a 12 month high of $32.70. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 13.54 and a beta of 0.08.

Autohome Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, February 19th. Shareholders of record on Wednesday, December 31st will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. Autohome’s dividend payout ratio is currently 102.94%.

Autohome Company Profile

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.