Quantinno Capital Management LP Lowers Position in Autohome Inc. $ATHM

Quantinno Capital Management LP lessened its stake in Autohome Inc. (NYSE:ATHM) by 67.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,760 shares of the information services provider’s stock after selling 38,822 shares during the quarter. Quantinno Capital Management LP’s holdings in Autohome were worth $326,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in Autohome by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 9,168 shares of the information services provider’s stock worth $236,000 after buying an additional 438 shares in the last quarter. Mondrian Investment Partners LTD lifted its stake in Autohome by 10.1% during the 4th quarter. Mondrian Investment Partners LTD now owns 5,714 shares of the information services provider’s stock valued at $127,000 after acquiring an additional 523 shares in the last quarter. Guinness Asset Management LTD boosted its holdings in Autohome by 20.7% during the 4th quarter. Guinness Asset Management LTD now owns 3,271 shares of the information services provider’s stock worth $76,000 after acquiring an additional 560 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Autohome by 5.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,101 shares of the information services provider’s stock worth $247,000 after acquiring an additional 601 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Autohome by 30.5% in the 3rd quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock worth $82,000 after acquiring an additional 674 shares in the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Insider Buying and Selling at Autohome

In other Autohome news, CFO Yan Zeng sold 24,300 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $4.35, for a total transaction of $105,705.00. Following the completion of the transaction, the chief financial officer owned 169,940 shares in the company, valued at $739,239. This trade represents a 12.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Bibo Xiang sold 10,508 shares of Autohome stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $4.35, for a total transaction of $45,709.80. Following the completion of the transaction, the chief technology officer owned 62,368 shares of the company’s stock, valued at $271,300.80. The trade was a 14.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 5.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. HSBC downgraded shares of Autohome from a “buy” rating to a “hold” rating and set a $17.30 target price for the company. in a report on Thursday, May 14th. Wall Street Zen raised shares of Autohome from a “sell” rating to a “hold” rating in a research report on Saturday. Bank of America lowered shares of Autohome from a “neutral” rating to an “underperform” rating and set a $19.00 price objective for the company. in a research note on Tuesday, August 18th. JPMorgan Chase & Co. dropped their target price on shares of Autohome from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Autohome in a research note on Friday, July 17th. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Autohome currently has an average rating of “Reduce” and an average target price of $17.77.

Autohome Trading Down 0.1%

Shares of NYSE ATHM opened at $22.19 on Monday. The stock has a fifty day simple moving average of $20.87 and a two-hundred day simple moving average of $19.41. Autohome Inc. has a 1-year low of $15.57 and a 1-year high of $29.92. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 19.13 and a beta of 0.23.

Autohome Dividend Announcement

The company also recently declared a special dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 2nd were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, July 2nd. Autohome’s dividend payout ratio is currently 207.76%.

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.