Analysts Set Autohome Inc. (NYSE:ATHM) Price Target at $28.00

Shares of Autohome Inc. (NYSE:ATHM) have been given an average recommendation of “Hold” by the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $28.00.

A number of analysts have recently weighed in on ATHM shares. CLSA cut shares of Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised Autohome to a “hold” rating in a research report on Wednesday, December 11th. Hsbc Global Res upgraded Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, StockNews.com raised Autohome from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd.

Autohome Stock Performance

Shares of ATHM stock opened at $25.77 on Tuesday. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 12.82 and a beta of 0.18. The stock’s 50 day simple moving average is $27.28 and its 200 day simple moving average is $27.36. Autohome has a twelve month low of $21.89 and a twelve month high of $34.70.

Autohome Increases Dividend

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 5.8%. This is a positive change from Autohome’s previous Variable dividend of $0.57. Autohome’s dividend payout ratio is currently 83.58%.

Institutional Investors Weigh In On Autohome

Institutional investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd lifted its position in shares of Autohome by 1.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider’s stock worth $1,238,000 after acquiring an additional 394 shares during the period. Van ECK Associates Corp boosted its stake in Autohome by 23.5% during the second quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock worth $195,000 after buying an additional 1,351 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Autohome by 16.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock valued at $505,000 after buying an additional 2,221 shares during the period. Creative Planning lifted its holdings in shares of Autohome by 14.2% during the 3rd quarter. Creative Planning now owns 20,938 shares of the information services provider’s stock worth $683,000 after acquiring an additional 2,603 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Autohome by 93.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock valued at $146,000 after acquiring an additional 2,614 shares in the last quarter. 63.08% of the stock is 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.