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

Federated Hermes Inc. lifted its holdings in Autohome Inc. (NYSE:ATHM) by 61.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,393,033 shares of the information services provider’s stock after acquiring an additional 530,152 shares during the period. Federated Hermes Inc.’s holdings in Autohome were worth $35,926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ATHM. Amundi boosted its position in Autohome by 8.5% during the 1st quarter. Amundi now owns 138,861 shares of the information services provider’s stock worth $3,794,000 after purchasing an additional 10,890 shares during the period. Long Corridor Asset Management Ltd lifted its stake in shares of Autohome by 72.5% during the second quarter. Long Corridor Asset Management Ltd now owns 557,359 shares of the information services provider’s stock worth $14,374,000 after purchasing an additional 234,276 shares in the last quarter. KBC Group NV boosted its position in shares of Autohome by 19.5% in the second quarter. KBC Group NV now owns 93,681 shares of the information services provider’s stock worth $2,416,000 after buying an additional 15,272 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Autohome by 40.5% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 56,220 shares of the information services provider’s stock worth $1,450,000 after buying an additional 16,212 shares during the period. Finally, Schroder Investment Management Group grew its stake in shares of Autohome by 32.0% in the second 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. Institutional investors and hedge funds own 63.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ATHM shares. Zacks Research lowered Autohome from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. lowered shares of Autohome from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $36.00 to $28.00 in a research note on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Autohome in a research note on Monday, December 1st. Three equities 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 has a consensus rating of “Reduce” and an average price target of $28.00.

Autohome Trading Down 1.5%

ATHM stock opened at $23.51 on Tuesday. The firm has a 50 day simple moving average of $25.57 and a 200-day simple moving average of $26.76. The company has a market capitalization of $2.75 billion, a P/E ratio of 13.83 and a beta of 0.10. Autohome Inc. has a twelve month low of $22.95 and a twelve month high of $32.70.

Autohome Announces Dividend

The business also recently announced a special dividend, which will be paid on Thursday, February 19th. Stockholders 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 payout ratio is presently 100.00%.

Autohome Company 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.