Bank of New York Mellon Corp Has $986,000 Stock Holdings in Autohome Inc. $ATHM

Key Points

• Bank of New York Mellon cut its Autohome stake by 52.5% in the first quarter, selling 62,748 shares and retaining 56,756 shares valued at approximately $986,000.
• Institutional investors own 63.08% of Autohome, while CFO Yan Zeng and CTO Bibo Xiang each sold shares to cover tax withholding obligations tied to equity awards.
• Analyst sentiment is largely cautious: Autohome has a consensus rating of “Reduce” and a $17.15 average price target, compared with a reported stock price of $22.59.

Bank of New York Mellon Corp decreased its position in Autohome Inc. (NYSE:ATHM - Free Report) by 52.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 56,756 shares of the information services provider's stock after selling 62,748 shares during the quarter. Bank of New York Mellon Corp's holdings in Autohome were worth $986,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ATHM. Raymond James Financial Inc. bought a new stake in Autohome during the second quarter worth about $29,000. Global Retirement Partners LLC boosted its holdings in shares of Autohome by 205.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,652 shares of the information services provider's stock worth $37,000 after acquiring an additional 1,112 shares in the last quarter. Guinness Asset Management LTD grew its position in Autohome by 20.7% during the 4th quarter. Guinness Asset Management LTD now owns 3,271 shares of the information services provider's stock worth $76,000 after acquiring an additional 560 shares during the last quarter. Parallel Advisors LLC increased its holdings in Autohome by 30.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider's stock valued at $82,000 after purchasing an additional 674 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in Autohome during the 3rd quarter valued at $106,000. Institutional investors and hedge funds own 63.08% of the company's stock.

Insider Transactions at Autohome

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

Analyst Ratings Changes

Several equities analysts have issued reports on ATHM shares. Zacks Research upgraded Autohome from a "strong sell" rating to a "hold" rating in a research report on Friday, August 7th. 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 target price on Autohome from $20.00 to $17.00 and set a "neutral" rating for the company in a research note on Wednesday, June 3rd. HSBC downgraded shares of Autohome from a "buy" rating to a "hold" rating and set a $17.30 price target on the stock. in a research report on Thursday, May 14th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Autohome in a research report on Friday, July 17th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $17.15.

Autohome Stock Performance

NYSE ATHM opened at $22.59 on Friday. The stock has a fifty day moving average of $20.27 and a 200-day moving average of $19.41. The stock has a market capitalization of $2.60 billion, a P/E ratio of 17.24 and a beta of 0.23. Autohome Inc. has a 52 week low of $15.57 and a 52 week high of $29.92.

Autohome Announces Dividend

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

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.

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