Autohome Inc. (NYSE:ATHM) Announces Dividend Increase – $0.58 Per Share

Autohome Inc. (NYSE:ATHM – Get Rating) announced an annual dividend on Thursday, February 16th, Zacks reports. Stockholders of record on Tuesday, March 21st will be paid a dividend of 0.58 per share by the information services provider on Tuesday, April 11th. This represents a dividend yield of 1.62%. The ex-dividend date is Monday, March 20th. This is a positive change from Autohome’s previous annual dividend of $0.53.

Autohome Trading Down 0.4 %

Shares of ATHM opened at $29.85 on Friday. The firm has a market capitalization of $3.75 billion, a P/E ratio of 14.08 and a beta of 0.18. Autohome has a 12-month low of $23.66 and a 12-month high of $40.89. The firm has a fifty day moving average price of $34.06 and a 200-day moving average price of $31.85.

Autohome (NYSE:ATHM – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The information services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.11. Autohome had a net margin of 25.92% and a return on equity of 8.70%. The company had revenue of $274.50 million during the quarter, compared to analyst estimates of $266.10 million. Analysts predict that Autohome will post 2.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research note on Tuesday, March 14th. JPMorgan Chase & Co. assumed coverage on shares of Autohome in a research note on Monday, January 30th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.50.

Hedge Funds Weigh In On Autohome

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Autohome in the fourth quarter worth about $350,000. Engineers Gate Manager LP bought a new position in Autohome in the third quarter worth about $336,000. California State Teachers Retirement System raised its holdings in Autohome by 46.0% in the third quarter. California State Teachers Retirement System now owns 11,656 shares of the information services provider’s stock worth $335,000 after purchasing an additional 3,675 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in Autohome in the second quarter worth about $303,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of Autohome during the fourth quarter valued at about $256,000. 47.76% of the stock is currently owned by institutional investors.

About Autohome

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Autohome, Inc is a holding company, which engages in the development, operation, and maintenance of mobile applications and automobile websites. It offers used vehicles and new car dealer listings. The firm provides professionally produced and user-generated content, a comprehensive automobile library and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle.