E Fund Management Hong Kong Co. Ltd. Has $1.45 Million Stock Holdings in Autohome Inc. $ATHM

Key Points

• E Fund Management Hong Kong Co. Ltd. increased its stake in Autohome Inc. by 40.5%, acquiring a total of 56,220 shares valued at approximately $1.45 million.
• Autohome announced a special dividend of $0.59 per share, resulting in a significant dividend yield of 590%, payable on November 20th.
• Analysts have given Autohome a consensus rating of "Hold" with an average target price of $36.00, while one analyst has rated the stock as a Buy.

E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Autohome Inc. (NYSE:ATHM - Free Report) by 40.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,220 shares of the information services provider's stock after buying an additional 16,212 shares during the quarter. Autohome makes up approximately 1.4% of E Fund Management Hong Kong Co. Ltd.'s holdings, making the stock its 11th largest holding. E Fund Management Hong Kong Co. Ltd.'s holdings in Autohome were worth $1,450,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ATHM. California State Teachers Retirement System lifted its holdings in Autohome by 4,293.6% during the 4th quarter. California State Teachers Retirement System now owns 23,989 shares of the information services provider's stock worth $623,000 after buying an additional 23,443 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Autohome by 2,671.8% during the 1st quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider's stock valued at $55,000 after acquiring an additional 1,897 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Autohome during the 1st quarter valued at $5,548,000. Ritholtz Wealth Management raised its position in shares of Autohome by 51.3% during the 1st quarter. Ritholtz Wealth Management now owns 15,737 shares of the information services provider's stock valued at $436,000 after acquiring an additional 5,338 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Autohome by 18.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 11,509 shares of the information services provider's stock valued at $319,000 after acquiring an additional 1,767 shares during the last quarter. Institutional investors and hedge funds own 63.08% of the company's stock.

Autohome Stock Performance

Shares of Autohome stock opened at $28.45 on Thursday. Autohome Inc. has a 52 week low of $23.39 and a 52 week high of $33.07. The firm has a fifty day moving average of $28.72 and a two-hundred day moving average of $27.15. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 16.74 and a beta of 0.09.

Autohome Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, October 20th will be given a $0.59 dividend. The ex-dividend date is Monday, October 20th. This represents a dividend yield of 590.0%. Autohome's dividend payout ratio is currently 66.47%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Autohome in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $36.00.

About Autohome

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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