Autohome (NYSE:ATHM) CTO Sells $45,709.80 in Stock

Autohome Inc. (NYSE:ATHM) CTO Bibo Xiang sold 10,508 shares of the business’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 sale, the chief technology officer directly owned 62,368 shares of the company’s stock, valued at approximately $271,300.80. This trade represents a 14.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Autohome Stock Performance

Autohome stock traded up $0.49 during trading hours on Tuesday, hitting $18.38. The company had a trading volume of 616,954 shares, compared to its average volume of 595,714. The firm has a market cap of $2.12 billion, a P/E ratio of 14.03 and a beta of 0.26. Autohome Inc. has a 1 year low of $15.57 and a 1 year high of $29.92. The company has a 50-day moving average price of $17.88 and a two-hundred day moving average price of $20.59.

Autohome (NYSE:ATHM) last released its quarterly earnings data on Sunday, February 15th. The information services provider reported $0.09 earnings per share (EPS) for the quarter. Autohome had a net margin of 17.91% and a return on equity of 5.01%. The company had revenue of $208.96 million during the quarter. As a group, equities research analysts anticipate that Autohome Inc. will post 1.24 EPS for the current year.

Autohome Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Friday, July 31st. Stockholders of record on Thursday, July 2nd will be issued a $0.66 dividend. The ex-dividend date is Thursday, July 2nd. Autohome’s payout ratio is currently 183.97%.

Institutional Investors Weigh In On Autohome

A number of hedge funds and other institutional investors have recently bought and sold shares of ATHM. Raymond James Financial Inc. purchased a new stake in Autohome during the second quarter valued at approximately $29,000. Global Retirement Partners LLC lifted its position in Autohome by 205.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,652 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 1,112 shares during the last quarter. Guinness Asset Management LTD lifted its position in Autohome by 20.7% during the fourth quarter. Guinness Asset Management LTD now owns 3,271 shares of the information services provider’s stock valued at $76,000 after acquiring an additional 560 shares during the last quarter. Parallel Advisors LLC lifted its position in Autohome by 30.5% during the third quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock valued at $82,000 after acquiring an additional 674 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Autohome by 141.7% during the third quarter. PNC Financial Services Group Inc. now owns 3,222 shares of the information services provider’s stock valued at $92,000 after acquiring an additional 1,889 shares during the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ATHM shares. Benchmark restated a “hold” rating on shares of Autohome in a report on Tuesday, February 24th. HSBC lowered shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target for the company. in a report on Thursday, May 14th. Wall Street Zen lowered shares of Autohome from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings lowered shares of Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Finally, Zacks Research upgraded shares of Autohome from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $22.65.

About Autohome

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.