Autohome (NYSE:ATHM) Shares Gap Down - Here's Why

Key Points

• Autohome's stock price gapped down from $28.11 to $27.51 before trading, reflecting a current trading price of $27.24.
• Weiss Ratings has reaffirmed a "hold (c)" rating for Autohome, with a consensus price target of $36.00 from analysts.
• The company has announced a special dividend of $0.59 per share to be paid on November 20th, with a payout ratio of 66.47%.

Autohome Inc. (NYSE:ATHM - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $28.11, but opened at $27.51. Autohome shares last traded at $27.24, with a volume of 28,404 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Autohome in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $36.00.

Autohome Stock Down 1.2%

The firm's fifty day moving average price is $28.67 and its two-hundred day moving average price is $27.11. The stock has a market capitalization of $3.24 billion, a PE ratio of 16.33 and a beta of 0.09.

Autohome Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, October 20th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, October 20th. Autohome's dividend payout ratio is 66.47%.

Institutional Trading of Autohome

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. increased its stake in shares of Autohome by 6.4% in the second quarter. Invesco Ltd. now owns 7,100,214 shares of the information services provider's stock worth $183,115,000 after purchasing an additional 427,889 shares in the last quarter. Krane Funds Advisors LLC increased its stake in shares of Autohome by 23.4% in the first quarter. Krane Funds Advisors LLC now owns 3,520,385 shares of the information services provider's stock worth $97,585,000 after purchasing an additional 667,669 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Autohome by 4.5% during the first quarter. Vanguard Group Inc. now owns 2,587,172 shares of the information services provider's stock worth $71,716,000 after acquiring an additional 111,914 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Autohome by 33.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 2,299,013 shares of the information services provider's stock worth $63,729,000 after acquiring an additional 580,252 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Autohome by 61.4% during the second quarter. Federated Hermes Inc. now owns 1,393,033 shares of the information services provider's stock worth $35,926,000 after acquiring an additional 530,152 shares during the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

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.

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