Ritholtz Wealth Management Trims Stake in Autohome Inc. $ATHM

Ritholtz Wealth Management trimmed its position in Autohome Inc. (NYSE:ATHM) by 15.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,228 shares of the information services provider’s stock after selling 2,509 shares during the period. Ritholtz Wealth Management’s holdings in Autohome were worth $341,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its position in shares of Autohome by 40.6% in the 2nd quarter. Signaturefd LLC now owns 1,466 shares of the information services provider’s stock worth $38,000 after buying an additional 423 shares during the period. GAMMA Investing LLC boosted its stake in Autohome by 2,671.8% during the first quarter. GAMMA Investing LLC now owns 1,968 shares of the information services provider’s stock worth $55,000 after acquiring an additional 1,897 shares in the last quarter. Guinness Asset Management LTD boosted its stake in Autohome by 147.3% during the first quarter. Guinness Asset Management LTD now owns 1,978 shares of the information services provider’s stock worth $55,000 after acquiring an additional 1,178 shares in the last quarter. SVB Wealth LLC purchased a new stake in Autohome in the first quarter worth about $57,000. Finally, Parallel Advisors LLC increased its stake in shares of Autohome by 42.4% during the second quarter. Parallel Advisors LLC now owns 2,212 shares of the information services provider’s stock valued at $57,000 after purchasing an additional 659 shares in the last quarter. Institutional investors own 63.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Autohome in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.00.

Autohome Trading Down 1.2%

Shares of ATHM opened at $27.77 on Tuesday. The business’s fifty day simple moving average is $28.65 and its two-hundred day simple moving average is $27.12. Autohome Inc. has a 12 month low of $23.39 and a 12 month high of $32.70. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 16.33 and a beta of 0.09.

Autohome Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, October 20th will be paid a $0.59 dividend. The ex-dividend date is Monday, October 20th. Autohome’s dividend payout ratio (DPR) is 66.47%.

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.