Amundi Has $1.22 Million Holdings in Autohome Inc. $ATHM

Key Points

• Amundi reduced its Autohome stake by 58.4% in the first quarter, selling 98,351 shares and retaining 70,079 shares valued at approximately $1.22 million. Institutional investors collectively own 63.08% of the company.
• Analyst sentiment is weak: HSBC and JPMorgan lowered their assessments or price targets, while Zacks Research and Weiss Ratings issued sell-oriented views. Autohome has an average rating of “Reduce” and an average price target of $17.15.
• Autohome recently paid a special dividend of $0.66 per share, though its dividend payout ratio stands at 183.97%. The company’s chief technology officer and chief financial officer also sold shares to cover tax obligations from equity awards.

Amundi decreased its holdings in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 58.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,079 shares of the information services provider's stock after selling 98,351 shares during the quarter. Amundi owned 0.06% of Autohome worth $1,217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ATHM. Raymond James Financial Inc. bought a new position in Autohome in the 2nd quarter valued at approximately $29,000. Global Retirement Partners LLC boosted its position in Autohome by 205.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,652 shares of the information services provider's stock valued at $37,000 after buying an additional 1,112 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Autohome by 30.5% during the third quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider's stock worth $82,000 after buying an additional 674 shares during the last quarter. Guinness Asset Management LTD increased its holdings in shares of Autohome by 20.7% during the fourth quarter. Guinness Asset Management LTD now owns 3,271 shares of the information services provider's stock worth $76,000 after buying an additional 560 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new position in shares of Autohome during the third quarter worth $106,000. Institutional investors own 63.08% of the company's stock.

Analysts Set New Price Targets

ATHM has been the subject of a number of recent research reports. HSBC cut Autohome from a "buy" rating to a "hold" rating and set a $17.30 target price for the company. in a report on Thursday, May 14th. Wall Street Zen cut Autohome from a "hold" rating to a "sell" rating in a report on Saturday, April 25th. JPMorgan Chase & Co. lowered their price objective on Autohome from $20.00 to $17.00 and set a "neutral" rating for the company in a research note on Wednesday, June 3rd. Zacks Research lowered shares of Autohome from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 9th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Autohome in a research report on Friday, July 17th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $17.15.

Autohome Trading Down 0.1%

NYSE ATHM opened at $22.68 on Friday. The firm has a market capitalization of $2.61 billion, a PE ratio of 17.32 and a beta of 0.23. The business's 50-day moving average price is $19.87 and its two-hundred day moving average price is $19.44. Autohome Inc. has a 12 month low of $15.57 and a 12 month high of $29.92.

Autohome Announces Dividend

The company also recently declared a special dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.66 per share. The ex-dividend date was Thursday, July 2nd. Autohome's dividend payout ratio (DPR) is presently 183.97%.

Insider Activity at Autohome

In other news, CTO Bibo Xiang sold 10,508 shares of the business's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $4.35, for a total value of $45,709.80. Following the transaction, the chief technology officer owned 62,368 shares in the company, valued at approximately $271,300.80. The trade was a 14.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Yan Zeng sold 24,300 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $4.35, for a total transaction of $105,705.00. Following the sale, the chief financial officer owned 169,940 shares of the company's stock, valued at approximately $739,239. This trade represents a 12.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 5.70% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding ATHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autohome Inc. (NYSE:ATHM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source