Harvest Fund Management Co. Ltd Boosts Stock Position in Autohome Inc. (NYSE:ATHM)

Harvest Fund Management Co. Ltd grew its holdings in shares of Autohome Inc. (NYSE:ATHM) by 1.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,907 shares of the information services provider’s stock after buying 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in ATHM. Vanguard Group Inc. grew its position in shares of Autohome by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 2,333,350 shares of the information services provider’s stock valued at $61,180,000 after buying an additional 53,441 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Autohome by 74.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 18,859 shares of the information services provider’s stock worth $494,000 after purchasing an additional 8,055 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Autohome by 88.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock worth $45,000 after purchasing an additional 800 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Autohome by 4.9% in the 1st 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 last quarter. Finally, Swedbank AB acquired a new stake in shares of Autohome in the 1st quarter valued at about $946,000. 63.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Autohome Price Performance

Shares of NYSE:ATHM opened at $27.26 on Tuesday. The stock has a market cap of $3.30 billion, a P/E ratio of 13.73 and a beta of 0.18. The firm has a fifty day moving average price of $29.76 and a 200 day moving average price of $27.61. Autohome Inc. has a 1-year low of $21.89 and a 1-year high of $34.70.

Autohome announced that its board has approved a stock buyback program on Wednesday, September 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the information services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Autohome Increases Dividend

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