Short Interest in Autohome Inc. (NYSE:ATHM) Declines By 39.8%

Friday, April 16, 2021 | MarketBeat

Autohome Inc. (NYSE:ATHM) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,720,000 shares, a decrease of 39.8% from the March 15th total of 4,520,000 shares. Based on an average trading volume of 870,700 shares, the days-to-cover ratio is presently 3.1 days.

A number of equities analysts have commented on ATHM shares. Macquarie boosted their target price on shares of Autohome from $95.00 to $109.00 and gave the stock a "neutral" rating in a report on Wednesday, February 3rd. Zacks Investment Research cut Autohome from a "hold" rating to a "sell" rating in a research report on Wednesday, April 7th. Benchmark upgraded Autohome from a "hold" rating to a "buy" rating and set a $135.00 target price on the stock in a research note on Wednesday, February 3rd. Finally, HSBC increased their price target on Autohome from $113.00 to $137.00 and gave the company a "buy" rating in a research note on Wednesday, February 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Autohome currently has a consensus rating of "Hold" and a consensus target price of $105.04.

A number of large investors have recently made changes to their positions in the business. Mountain Capital Investment Advisors Inc lifted its stake in shares of Autohome by 147.5% in the 1st quarter. Mountain Capital Investment Advisors Inc now owns 4,790 shares of the information services provider's stock valued at $451,000 after purchasing an additional 2,855 shares in the last quarter. Hexavest Inc. grew its stake in Autohome by 92.0% during the first quarter. Hexavest Inc. now owns 3,056 shares of the information services provider's stock worth $285,000 after buying an additional 1,464 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Autohome by 7.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 4,790 shares of the information services provider's stock worth $463,000 after acquiring an additional 321 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in shares of Autohome by 10.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 306,928 shares of the information services provider's stock valued at $30,576,000 after acquiring an additional 27,884 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Autohome during the 4th quarter valued at $3,583,000.

Autohome stock traded down $0.34 during trading hours on Friday, hitting $93.41. 2,779 shares of the stock traded hands, compared to its average volume of 843,203. Autohome has a 1 year low of $72.38 and a 1 year high of $147.67. The firm's 50 day moving average price is $100.62 and its 200-day moving average price is $103.96. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 1.22 and a beta of 0.82.

Autohome (NYSE:ATHM) last posted its quarterly earnings results on Monday, February 1st. The information services provider reported $9.91 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.49 by $8.42. Autohome had a net margin of 39.58% and a return on equity of 23.40%. The company had revenue of $380.60 million for the quarter, compared to the consensus estimate of $378.91 million. During the same quarter last year, the firm posted $1.38 earnings per share. Autohome's revenue was up 13.7% on a year-over-year basis. Sell-side analysts expect that Autohome will post 4.32 earnings per share for the current year.

The company also recently announced an annual dividend, which was paid on Friday, March 5th. Investors of record on Thursday, February 25th were issued a $0.87 dividend. The ex-dividend date was Wednesday, February 24th. This represents a yield of 0.6%. This is a boost from Autohome's previous annual dividend of $0.77. Autohome's dividend payout ratio (DPR) is presently 20.73%.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its websites, autohome.com.cn and che168.com, and its mobile applications and mini apps, delivers interactive content and tools to automobile consumers. It provides media services, including automaker advertising services and regional marketing campaigns; and leads generation services comprising dealer subscription services, advertising services for individual dealers, and used automobile listing and other platform-based services.

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