Harvest Fund Management Co. Ltd decreased its stake in Bitauto Holdings Limited (NYSE:BITA) by 50.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,000 shares of the information services provider’s stock after selling 50,000 shares during the quarter. Harvest Fund Management Co. Ltd owned approximately 0.07% of Bitauto Holdings Limited worth $1,438,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Fox Run Management L.L.C. bought a new position in shares of Bitauto Holdings Limited in the second quarter worth about $250,000. SG Americas Securities LLC boosted its stake 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 acquiring an additional 4,179 shares during the period. Jane Street Group LLC bought a new position in shares of Bitauto Holdings Limited in the first quarter worth about $315,000. Penserra Capital Management LLC boosted its stake in shares of Bitauto Holdings Limited by 236.2% in the second quarter. Penserra Capital Management LLC now owns 40,331 shares of the information services provider’s stock worth $1,159,000 after acquiring an additional 28,336 shares during the period. Finally, Formula Growth Ltd. bought a new position in shares of Bitauto Holdings Limited in the first quarter worth about $1,168,000. Institutional investors and hedge funds own 19.66% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub raised Bitauto Holdings Limited from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, ValuEngine raised Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.

Bitauto Holdings Limited (NYSE BITA) traded up 0.11% during trading on Friday, hitting $44.32. The stock had a trading volume of 1,496,561 shares. The firm’s 50-day moving average price is $36.71 and its 200-day moving average price is $29.78. Bitauto Holdings Limited has a 52-week low of $16.56 and a 52-week high of $45.84. The company’s market cap is $3.09 billion.

Bitauto Holdings Limited (NYSE:BITA) last announced its quarterly earnings results on Tuesday, August 15th. The information services provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.05). Bitauto Holdings Limited had a negative net margin of 4.76% and a positive return on equity of 3.85%. The business had revenue of $320.20 million during the quarter, compared to analysts’ expectations of $282.86 million. During the same quarter in the prior year, the firm earned $0.20 EPS. Bitauto Holdings Limited’s revenue for the quarter was up 52.9% on a year-over-year basis. Analysts predict that Bitauto Holdings Limited will post $1.17 EPS for the current fiscal year.

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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.

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

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