California Public Employees Retirement System cut its position in Bitauto Holdings Limited (NYSE:BITA) by 4.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 57,000 shares of the information services provider’s stock after selling 2,500 shares during the period. California Public Employees Retirement System’s holdings in Bitauto Holdings Limited were worth $1,460,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BITA. Formula Growth Ltd. bought a new position in shares of Bitauto Holdings Limited during the first quarter worth about $1,168,000. FIL Ltd boosted its position in shares of Bitauto Holdings Limited by 4.2% in the first quarter. FIL Ltd now owns 957,848 shares of the information services provider’s stock worth $24,531,000 after buying an additional 38,295 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Bitauto Holdings Limited by 1,647.1% in the first quarter. Wellington Management Group LLP now owns 278,605 shares of the information services provider’s stock worth $7,135,000 after buying an additional 262,658 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Bitauto Holdings Limited by 67.1% in the first quarter. SG Americas Securities LLC now owns 10,410 shares of the information services provider’s stock worth $267,000 after buying an additional 4,179 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Bitauto Holdings Limited by 3,394.3% in the first quarter. JPMorgan Chase & Co. now owns 173,739 shares of the information services provider’s stock worth $4,450,000 after buying an additional 168,767 shares during the last quarter. Institutional investors and hedge funds own 19.40% of the company’s stock.

Bitauto Holdings Limited (NYSE:BITA) opened at 32.23 on Friday. The stock’s 50 day moving average price is $29.41 and its 200-day moving average price is $25.94. The stock’s market cap is $2.48 billion. Bitauto Holdings Limited has a one year low of $16.56 and a one year high of $34.18.

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A number of equities analysts recently issued reports on the company. ValuEngine upgraded Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded Bitauto Holdings Limited from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Finally, HSBC Holdings plc reiterated a “buy” rating and set a $33.00 price target (up previously from $27.00) on shares of Bitauto Holdings Limited in a report on Wednesday, May 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $34.00.

Bitauto Holdings Limited Company Profile

Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.

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Institutional Ownership by Quarter for Bitauto Holdings Limited (NYSE:BITA)

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