Autohome (NYSE:ATHM) Hits New 1-Year Low at $22.07

Autohome Inc. (NYSE:ATHM) shares reached a new 52-week low on Tuesday . The stock traded as low as $22.07 and last traded at $22.07, with a volume of 42654 shares traded. The stock had previously closed at $22.61.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ATHM shares. StockNews.com upgraded shares of Autohome from a “hold” rating to a “buy” rating in a research report on Friday. Citigroup reiterated a “neutral” rating and issued a $28.00 target price (down previously from $31.00) on shares of Autohome in a research note on Friday, July 19th. Finally, Benchmark downgraded Autohome from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th.

Autohome Price Performance

The stock has a 50 day moving average price of $26.34 and a two-hundred day moving average price of $26.46. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 10.68 and a beta of 0.14.

Autohome (NYSE:ATHM) last announced its earnings results on Wednesday, July 31st. The information services provider reported $4.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $4.12. Autohome had a net margin of 25.81% and a return on equity of 8.19%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Sell-side analysts forecast that Autohome Inc. will post 1.98 EPS for the current fiscal year.

Autohome Dividend Announcement

The company also recently disclosed a Variable dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 10th will be given a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a yield of 6.1%. Autohome’s payout ratio is 79.62%.

Institutional Trading of Autohome

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATHM. Atlas Capital Advisors LLC acquired a new stake in Autohome during the 2nd quarter worth $28,000. Parallel Advisors LLC grew its stake in shares of Autohome by 99.4% during the fourth quarter. Parallel Advisors LLC now owns 1,318 shares of the information services provider’s stock worth $37,000 after purchasing an additional 657 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in Autohome by 88.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 800 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Autohome by 24.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,676 shares of the information services provider’s stock valued at $123,000 after buying an additional 912 shares during the period. Finally, Van ECK Associates Corp lifted its stake in Autohome by 19.4% in the fourth quarter. Van ECK Associates Corp now owns 5,124 shares of the information services provider’s stock valued at $144,000 after buying an additional 831 shares during the period. 63.08% of the stock is currently owned by institutional investors and hedge funds.

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.