Franklin Resources Inc. Sells 28,836 Shares of Autohome Inc. (NYSE:ATHM)

Franklin Resources Inc. lessened its stake in shares of Autohome Inc. (NYSE:ATHMFree Report) by 49.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,044 shares of the information services provider’s stock after selling 28,836 shares during the period. Franklin Resources Inc.’s holdings in Autohome were worth $843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATHM. Norges Bank bought a new stake in shares of Autohome during the fourth quarter worth $23,487,000. Acadian Asset Management LLC lifted its holdings in shares of Autohome by 17.7% during the third quarter. Acadian Asset Management LLC now owns 3,936,660 shares of the information services provider’s stock worth $119,434,000 after purchasing an additional 592,928 shares during the period. Krane Funds Advisors LLC lifted its holdings in shares of Autohome by 13.8% during the third quarter. Krane Funds Advisors LLC now owns 2,530,893 shares of the information services provider’s stock worth $76,813,000 after purchasing an additional 306,432 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Autohome by 23.9% during the fourth quarter. Russell Investments Group Ltd. now owns 738,975 shares of the information services provider’s stock worth $20,598,000 after purchasing an additional 142,413 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Autohome by 91.4% during the fourth quarter. BNP Paribas Financial Markets now owns 291,568 shares of the information services provider’s stock worth $8,181,000 after purchasing an additional 139,226 shares during the period. Institutional investors own 63.08% of the company’s stock.

Autohome Trading Down 0.6 %

Shares of NYSE:ATHM opened at $28.65 on Friday. The firm’s fifty day moving average is $27.00 and its 200-day moving average is $26.63. Autohome Inc. has a 52 week low of $23.81 and a 52 week high of $34.10.

Autohome (NYSE:ATHMGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The information services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $222.85 million for the quarter, compared to analyst estimates of $217.23 million. Autohome had a net margin of 25.69% and a return on equity of 8.24%. As a group, equities analysts expect that Autohome Inc. will post 2.2 earnings per share for the current fiscal year.

Autohome Announces Dividend

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

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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Institutional Ownership by Quarter for Autohome (NYSE:ATHM)

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