Autohome Inc. (NYSE:ATHM) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lifted its stake in Autohome Inc. (NYSE:ATHM) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,907 shares of the information services provider’s stock after purchasing an additional 394 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Autohome were worth $1,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in shares of Autohome by 4.9% in the first quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock valued at $195,000 after purchasing an additional 348 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in Autohome by 88.9% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 800 shares in the last quarter. Atlas Capital Advisors LLC purchased a new position in Autohome during the 2nd quarter valued at about $28,000. Van ECK Associates Corp increased its holdings in Autohome by 23.5% during the 2nd quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock valued at $195,000 after acquiring an additional 1,351 shares in the last quarter. Finally, Creative Planning increased its holdings in Autohome by 14.2% during the 3rd quarter. Creative Planning now owns 20,938 shares of the information services provider’s stock valued at $683,000 after acquiring an additional 2,603 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ATHM shares. Hsbc Global Res upgraded shares of Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. CLSA downgraded shares of Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. Finally, StockNews.com downgraded shares of Autohome from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, Autohome has a consensus rating of “Hold” and a consensus price target of $28.00.

Autohome Price Performance

Shares of NYSE ATHM opened at $27.26 on Tuesday. The company has a market cap of $3.30 billion, a PE ratio of 13.73 and a beta of 0.18. Autohome Inc. has a 12 month low of $21.89 and a 12 month high of $34.70. The company has a 50-day simple moving average of $29.76 and a 200-day simple moving average of $27.61.

Autohome Increases Dividend

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

Autohome announced that its Board of Directors has approved a share repurchase program on Wednesday, September 4th that permits the company to buyback $0.00 in shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Autohome Company Profile

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.