Autohome (NYSE:ATHM) Reaches New 1-Year Low – Here’s What Happened

Autohome Inc. (NYSE:ATHM) shares reached a new 52-week low on Tuesday . The stock traded as low as $22.82 and last traded at $22.8380, with a volume of 45703 shares. The stock had previously closed at $23.30.

Wall Street Analyst Weigh In

ATHM has been the subject of a number of analyst reports. Zacks Research downgraded shares of Autohome from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. JPMorgan Chase & Co. lowered 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 research report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Autohome in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $28.00.

Autohome Price Performance

The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 13.53 and a beta of 0.10. The business’s fifty day simple moving average is $25.09 and its 200 day simple moving average is $26.73.

Autohome Announces Dividend

The company also recently announced a special dividend, which will be paid on Thursday, February 19th. Stockholders of record on Wednesday, December 31st will be paid a $1.20 dividend. The ex-dividend date is Wednesday, December 31st. Autohome’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Autohome by 12.2% in the third quarter. Invesco Ltd. now owns 7,968,365 shares of the information services provider’s stock valued at $227,497,000 after acquiring an additional 868,151 shares during the period. Krane Funds Advisors LLC lifted its holdings in shares of Autohome by 25.0% in the 3rd 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 in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Autohome by 61.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,393,033 shares of the information services provider’s stock worth $35,926,000 after purchasing an additional 530,152 shares in the last quarter. Norges Bank acquired a new stake in Autohome in the 2nd quarter valued at $12,120,000. Finally, Schroder Investment Management Group increased its stake in 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 purchasing an additional 294,701 shares in the last quarter. Institutional investors own 63.08% of the company’s stock.

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.