Autohome Inc. (NYSE:ATHM) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC decreased its stake in Autohome Inc. (NYSE:ATHM) by 2.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,391 shares of the information services provider’s stock after selling 553 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Autohome were worth $659,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ATHM. Public Employees Retirement System of Ohio acquired a new position in Autohome in the third quarter valued at $6,663,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Autohome by 11.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,311,742 shares of the information services provider’s stock valued at $36,007,000 after purchasing an additional 133,993 shares during the period. Jane Street Group LLC purchased a new position in Autohome during the 3rd quarter worth approximately $784,000. Bank of Montreal Can increased its position in Autohome by 33.8% during the third quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider’s stock worth $3,484,000 after buying an additional 26,657 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in Autohome by 10.7% in the second quarter. Hsbc Holdings PLC now owns 249,984 shares of the information services provider’s stock valued at $6,862,000 after buying an additional 24,115 shares during the last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ATHM has been the topic of a number of research reports. CLSA lowered shares of Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. Hsbc Global Res upgraded shares of Autohome to a “strong-buy” rating in a research note on Thursday, October 3rd. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group raised Autohome to a “hold” rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Autohome has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Autohome Stock Performance

Shares of ATHM opened at $27.59 on Friday. The stock has a market capitalization of $3.34 billion, a P/E ratio of 13.72 and a beta of 0.18. Autohome Inc. has a 1 year low of $21.89 and a 1 year high of $34.70. The company’s fifty day moving average is $26.98 and its two-hundred day moving average is $27.30.

Autohome Increases Dividend

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

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.