Owl Carousel v2.3.4 not autoplaying

I have added owl carousel js and css to my site and now trying to get it for a homepage banner slider. My issue is I can drag the banner images left and right however they do not auto-slide by themselves. I am not sure why I have autoplay set in the js. Here is my javascript code. Maybe someone can tell me what I am missing? I am using Owl Carousel v2.3.4

 require(['jquery', 'js/owlcarousel/owl.carousel'], function($) {
    $(".homepagebanners").owlCarousel({
        autoplay: true,
        autoPlaySpeed: 5000,
        autoPlayTimeout: 5000,
        autoplayHoverPause: true,
        navRewind: true,
        margin: 0,
        nav: false,
        dots: true,
        loop: true,
        responsive: { 0: { items: 1 } },
        navText: ["", ""]
    });
});