Renaissance Technologies LLC Purchases Shares of 139,200 Autohome Inc. $ATHM

Key Points

• Renaissance Technologies opened a new Autohome position by acquiring 139,200 shares valued at approximately $2.42 million. Institutional investors collectively own 63.08% of the company.
• Autohome insiders sold shares to cover tax withholding obligations tied to equity awards, including 10,508 shares sold by the CTO and 24,300 shares sold by the CFO.
• Analyst sentiment remains weak, with a consensus “Reduce” rating and an average price target of $17.15, below the stock’s reported $23.45 price. The company also paid a special $0.66 dividend.

Renaissance Technologies LLC acquired a new position in Autohome Inc. (NYSE:ATHM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 139,200 shares of the information services provider's stock, valued at approximately $2,418,000. Renaissance Technologies LLC owned about 0.12% of Autohome as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ATHM. First Trust Advisors LP bought a new stake in Autohome during the first quarter worth $5,714,000. ABN Amro Investment Solutions boosted its holdings in Autohome by 47.6% during the 1st quarter. ABN Amro Investment Solutions now owns 308,171 shares of the information services provider's stock worth $5,353,000 after acquiring an additional 99,422 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Autohome by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 370,108 shares of the information services provider's stock worth $6,424,000 after acquiring an additional 60,511 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Autohome by 119.4% in the first quarter. Parallel Advisors LLC now owns 5,256 shares of the information services provider's stock valued at $91,000 after purchasing an additional 2,860 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Autohome by 28.6% during the first quarter. KBC Group NV now owns 97,550 shares of the information services provider's stock valued at $1,694,000 after purchasing an additional 21,713 shares in the last quarter. Institutional investors own 63.08% of the company's stock.

Insiders Place Their Bets

In other Autohome news, CTO Bibo Xiang sold 10,508 shares of the business's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $4.35, for a total transaction of $45,709.80. Following the sale, the chief technology officer owned 62,368 shares of the company's stock, valued at $271,300.80. The trade was a 14.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 value of $105,705.00. Following the sale, the chief financial officer owned 169,940 shares in the company, valued at approximately $739,239. This represents a 12.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 5.70% of the company's stock.

Autohome Stock Up 3.2%

Shares of NYSE:ATHM opened at $23.45 on Tuesday. The firm has a market capitalization of $2.70 billion, a PE ratio of 17.90 and a beta of 0.23. The company has a 50-day moving average price of $19.98 and a two-hundred day moving average price of $19.42. Autohome Inc. has a twelve month low of $15.57 and a twelve month high of $29.92.

Autohome Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Autohome from $20.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, June 3rd. HSBC lowered 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 lowered Autohome from a "hold" rating to a "sell" rating in a report on Saturday, April 25th. Zacks Research downgraded Autohome from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Autohome in a research note on Friday, July 17th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $17.15.

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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