50,000 Shares in Autohome Inc. $ATHM Acquired by Marex Group plc

by · The Markets Daily

Marex Group plc bought a new stake in Autohome Inc. (NYSE:ATHM – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 50,000 shares of the information services provider’s stock, valued at approximately $1,290,000.

Other large investors also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of Autohome by 6.4% in the second quarter. Invesco Ltd. now owns 7,100,214 shares of the information services provider’s stock valued at $183,115,000 after buying an additional 427,889 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Autohome by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 2,587,172 shares of the information services provider’s stock valued at $71,716,000 after acquiring an additional 111,914 shares during the period. Federated Hermes Inc. grew its position in Autohome by 61.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,393,033 shares of the information services provider’s stock valued at $35,926,000 after acquiring an additional 530,152 shares in the last quarter. Schroder Investment Management Group increased its stake in Autohome by 32.0% during the second quarter. Schroder Investment Management Group now owns 1,215,213 shares of the information services provider’s stock worth $31,340,000 after purchasing an additional 294,701 shares during the period. Finally, Long Corridor Asset Management Ltd lifted its position in shares of Autohome by 72.5% during the second quarter. Long Corridor Asset Management Ltd now owns 557,359 shares of the information services provider’s stock worth $14,374,000 after purchasing an additional 234,276 shares in the last quarter. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Autohome Stock Performance

NYSE ATHM opened at $24.22 on Monday. The firm’s fifty day moving average is $25.20 and its two-hundred day moving average is $26.74. Autohome Inc. has a one year low of $22.95 and a one year high of $32.70. The firm has a market cap of $2.83 billion, a PE ratio of 14.25 and a beta of 0.10.

Autohome Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, February 19th. Investors of record on Wednesday, December 31st will be given a $1.20 dividend. The ex-dividend date is Wednesday, December 31st. Autohome’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ATHM shares. Weiss Ratings restated a “hold (c)” rating on shares of Autohome in a report on Monday, December 8th. JPMorgan Chase & Co. downgraded shares of Autohome from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $28.00 in a research note on Wednesday, October 29th. Finally, Zacks Research cut Autohome from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $28.00.

Get Our Latest Stock Report on Autohome

About Autohome

(Free Report)

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.

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