Jane Street Group LLC Acquires Shares of 24,044 Autohome Inc. (NYSE:ATHM)

Jane Street Group LLC acquired a new stake in Autohome Inc. (NYSE:ATHM) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 24,044 shares of the information services provider’s stock, valued at approximately $784,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in Autohome by 28.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 80,416 shares of the information services provider’s stock worth $2,207,000 after acquiring an additional 18,030 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Autohome by 23.5% during the second quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock worth $195,000 after purchasing an additional 1,351 shares in the last quarter. Ritholtz Wealth Management purchased a new position in shares of Autohome in the second quarter valued at $365,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Autohome in the second quarter valued at $892,000. Finally, Acadian Asset Management LLC grew its holdings in Autohome by 14.7% during the 2nd quarter. Acadian Asset Management LLC now owns 4,440,462 shares of the information services provider’s stock valued at $121,859,000 after purchasing an additional 568,474 shares in the last quarter. Hedge funds and other institutional investors own 63.08% of the company’s stock.

Analyst Upgrades and Downgrades

ATHM has been the subject of a number of analyst reports. The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th. Hsbc Global Res raised Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. StockNews.com downgraded Autohome from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, CLSA cut Autohome from an “outperform” rating to a “hold” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.00.

Autohome Stock Performance

NYSE:ATHM opened at $25.77 on Friday. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 12.82 and a beta of 0.20. Autohome Inc. has a one year low of $21.89 and a one year high of $34.70. The stock has a 50-day simple moving average of $27.52 and a 200 day simple moving average of $27.38.

Autohome Increases Dividend

The company also recently declared a Variable dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, December 31st will be issued a $1.15 dividend. This represents a dividend yield of 5.8%. This is an increase from Autohome’s previous Variable dividend of $0.57. The ex-dividend date is Tuesday, December 31st. Autohome’s payout ratio is 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.