Bitauto Holdings Limited (NYSE:BITA) Upgraded to Strong-Buy by BidaskClub
Bitauto Holdings Limited (NYSE:BITA) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Bitauto Holdings Limited from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a research note on Thursday, May 11th. HSBC Holdings plc reissued a “buy” rating and set a $33.00 target price (up from $27.00) on shares of Bitauto Holdings Limited in a research note on Wednesday, May 17th. Finally, ValuEngine raised shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $34.00.
Bitauto Holdings Limited (NYSE:BITA) traded down 3.86% during trading on Thursday, hitting $36.14. The stock had a trading volume of 71,394 shares. The firm’s market cap is $2.78 billion. Bitauto Holdings Limited has a 52-week low of $16.56 and a 52-week high of $38.57. The company’s 50 day moving average is $30.62 and its 200 day moving average is $26.46.
WARNING: “Bitauto Holdings Limited (NYSE:BITA) Upgraded to Strong-Buy by BidaskClub” was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.dailypolitical.com/2017/08/10/bitauto-holdings-limited-nysebita-upgraded-to-strong-buy-by-bidaskclub.html.
Several large investors have recently bought and sold shares of BITA. Pictet Asset Management Ltd. purchased a new stake in Bitauto Holdings Limited during the first quarter valued at about $24,184,000. Platinum Investment Management Ltd. bought a new position in shares of Bitauto Holdings Limited during the first quarter worth $14,677,000. UBS Group AG raised its position in shares of Bitauto Holdings Limited by 6,428.0% in the first quarter. UBS Group AG now owns 410,347 shares of the information services provider’s stock worth $10,509,000 after buying an additional 404,061 shares in the last quarter. Cantillon Capital Management LLC raised its position in shares of Bitauto Holdings Limited by 10.4% in the second quarter. Cantillon Capital Management LLC now owns 3,800,612 shares of the information services provider’s stock worth $109,268,000 after buying an additional 359,377 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Bitauto Holdings Limited by 265.8% in the first quarter. Dimensional Fund Advisors LP now owns 457,279 shares of the information services provider’s stock worth $11,706,000 after buying an additional 332,279 shares in the last quarter. 18.87% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Bitauto Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitauto Holdings Limited and related companies with MarketBeat.com's FREE daily email newsletter.