Autohome (NYSE:ATHM) Sets New 1-Year Low – What’s Next?

Shares of Autohome Inc. (NYSE:ATHM) reached a new 52-week low during trading on Monday . The stock traded as low as $21.56 and last traded at $21.90, with a volume of 69986 shares changing hands. The stock had previously closed at $22.04.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Zacks Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. JPMorgan Chase & Co. downgraded shares of Autohome from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $28.00 in a report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Autohome in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Autohome presently has a consensus rating of “Hold” and a consensus target price of $28.00.

Autohome Price Performance

The stock has a market capitalization of $2.42 billion, a P/E ratio of 12.21 and a beta of 0.11. The stock’s fifty day moving average is $22.98 and its two-hundred day moving average is $25.86.

Autohome Announces Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, February 19th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, December 31st. Autohome’s payout ratio is currently 102.94%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ATHM. Invesco Ltd. increased its holdings in Autohome by 12.2% in the third quarter. Invesco Ltd. now owns 7,968,365 shares of the information services provider’s stock worth $227,497,000 after buying an additional 868,151 shares during the last quarter. Krane Funds Advisors LLC lifted its stake in shares of Autohome by 25.0% in 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 buying an additional 678,214 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Autohome by 1.5% during the 4th 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 last quarter. North of South Capital LLP lifted its holdings in shares of Autohome by 3.6% during the third 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 last quarter. Finally, Federated Hermes Inc. grew its position in Autohome by 9.6% in the 3rd quarter. Federated Hermes Inc. now owns 1,526,558 shares of the information services provider’s stock worth $43,583,000 after purchasing an additional 133,525 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

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.