Legacy Wealth Asset Management LLC Sells 9,052 Shares of Autohome Inc. (NYSE:ATHM)

Legacy Wealth Asset Management LLC lessened its position in shares of Autohome Inc. (NYSE:ATHM) by 27.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,449 shares of the information services provider’s stock after selling 9,052 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Autohome were worth $615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC grew its position in Autohome by 99.4% in the fourth quarter. Parallel Advisors LLC now owns 1,318 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 657 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Autohome by 98.7% in the third quarter. PNC Financial Services Group Inc. now owns 2,468 shares of the information services provider’s stock valued at $75,000 after purchasing an additional 1,226 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Autohome by 19.4% during the 4th quarter. Van ECK Associates Corp now owns 5,124 shares of the information services provider’s stock worth $144,000 after purchasing an additional 831 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Autohome in the 4th quarter valued at approximately $220,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Autohome during the third quarter worth $296,000. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Trading Up 1.6 %

Shares of ATHM stock opened at $27.64 on Friday. The company has a fifty day moving average price of $27.69 and a two-hundred day moving average price of $26.70. Autohome Inc. has a one year low of $23.81 and a one year high of $34.10.

Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, May 8th. The information services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $222.85 million during the quarter, compared to the consensus estimate of $217.23 million. Autohome had a net margin of 25.69% and a return on equity of 8.24%. On average, research analysts expect that Autohome Inc. will post 2.16 EPS for the current year.

Autohome Announces Dividend

The firm also recently announced a Variable dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a dividend yield of 6.1%. Autohome’s dividend payout ratio is currently 53.55%.

Autohome Company 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.