E Fund Management Hong Kong Co. Ltd. Sells 3,366 Shares of Autohome Inc. (NYSE:ATHM)

E Fund Management Hong Kong Co. Ltd. lessened its position in Autohome Inc. (NYSE:ATHM) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,539 shares of the information services provider’s stock after selling 3,366 shares during the period. Autohome accounts for 1.1% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 16th biggest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Autohome were worth $1,363,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd grew its stake in shares of Autohome by 1.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider’s stock worth $1,238,000 after purchasing an additional 394 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Autohome by 8.1% in the 4th quarter. Ritholtz Wealth Management now owns 10,399 shares of the information services provider’s stock worth $270,000 after buying an additional 778 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Autohome by 31.2% during the third quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider’s stock valued at $304,000 after buying an additional 2,212 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Autohome by 16.7% during the third quarter. Sanctuary Advisors LLC now owns 15,488 shares of the information services provider’s stock valued at $505,000 after acquiring an additional 2,221 shares in the last quarter. Finally, Creative Planning lifted its stake in Autohome by 14.2% in the third quarter. Creative Planning now owns 20,938 shares of the information services provider’s stock worth $683,000 after acquiring an additional 2,603 shares during the period. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Autohome Stock Up 2.3 %

Autohome stock opened at $27.65 on Monday. Autohome Inc. has a twelve month low of $21.89 and a twelve month high of $34.70. The company has a market capitalization of $3.35 billion, a P/E ratio of 13.75 and a beta of 0.18. The stock’s 50 day moving average is $26.99 and its 200 day moving average is $27.29.

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 paid a $1.15 dividend. This is a boost from Autohome’s previous Variable dividend of $0.57. The ex-dividend date is Tuesday, December 31st. This represents a yield of 5.8%. Autohome’s payout ratio is presently 83.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Hsbc Global Res raised shares of Autohome to a “strong-buy” rating in a research report on Thursday, October 3rd. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research note on Thursday, January 16th. The Goldman Sachs Group raised Autohome to a “hold” rating in a research report on Wednesday, December 11th. Finally, CLSA lowered Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Autohome 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.