Long Corridor Asset Management Ltd Has $2.99 Million Stock Position in Autohome Inc. $ATHM

Long Corridor Asset Management Ltd trimmed its position in Autohome Inc. (NYSE:ATHM) by 68.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 134,423 shares of the information services provider’s stock after selling 285,936 shares during the period. Autohome comprises approximately 0.2% of Long Corridor Asset Management Ltd’s holdings, making the stock its 13th largest holding. Long Corridor Asset Management Ltd’s holdings in Autohome were worth $2,992,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Invesco Ltd. boosted its holdings in shares of Autohome by 12.2% during the third quarter. Invesco Ltd. now owns 7,968,365 shares of the information services provider’s stock worth $227,497,000 after purchasing an additional 868,151 shares during the period. Krane Funds Advisors LLC boosted its holdings in shares of Autohome by 25.0% during the third quarter. Krane Funds Advisors LLC now owns 3,387,052 shares of the information services provider’s stock worth $93,178,000 after purchasing an additional 678,214 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Autohome by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,682,506 shares of the information services provider’s stock worth $59,713,000 after purchasing an additional 39,969 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Autohome by 7.3% during the third quarter. Schroder Investment Management Group now owns 1,304,270 shares of the information services provider’s stock worth $37,237,000 after purchasing an additional 89,057 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Autohome by 9.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 718,526 shares of the information services provider’s stock worth $15,994,000 after purchasing an additional 63,288 shares during the period. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ATHM shares. 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 cut shares of Autohome from a “hold” rating to a “strong sell” rating in a report on Tuesday. Benchmark restated a “hold” rating on shares of Autohome in a report on Tuesday, February 24th. Wall Street Zen cut shares of Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, HSBC cut shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target for the company. in a report on Thursday, May 14th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $17.15.

Autohome Stock Performance

Shares of ATHM opened at $17.89 on Friday. The firm has a market cap of $2.06 billion, a PE ratio of 13.65 and a beta of 0.23. The firm’s 50 day moving average price is $17.91 and its 200 day moving average price is $20.23. Autohome Inc. has a twelve month low of $15.57 and a twelve month high of $29.92.

Autohome (NYSE:ATHM) last issued its quarterly earnings data on Sunday, February 15th. The information services provider reported $0.09 earnings per share 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%. On average, sell-side analysts anticipate that Autohome Inc. will post 1.16 earnings per share for the current fiscal year.

Autohome Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 2nd will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, July 2nd. Autohome’s dividend payout ratio (DPR) is presently 133.59%.

Insider Activity at Autohome

In related news, CTO Bibo Xiang sold 10,508 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief technology officer owned 62,368 shares of the company’s stock, valued at approximately $271,300.80. This trade represents a 14.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Yan Zeng sold 24,300 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $4.35, for a total transaction of $105,705.00. Following the transaction, the chief financial officer directly owned 169,940 shares in the company, valued at approximately $739,239. The trade was a 12.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 5.70% of the stock is currently owned by company insiders.

Autohome 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.