Bitauto Holdings Limited (NYSE:BITA) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday.

Several other equities research analysts have also recently weighed in on BITA. Zacks Investment Research raised Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research note on Monday, May 29th. 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 down 0.53% on Monday, hitting $45.16. 801,792 shares of the stock were exchanged. The company’s market cap is $3.15 billion. The company’s 50 day moving average price is $37.59 and its 200-day moving average price is $30.30. Bitauto Holdings Limited has a one year low of $16.56 and a one year high of $47.82.

Bitauto Holdings Limited (NYSE:BITA) last issued its quarterly earnings results on Tuesday, August 15th. The information services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). The company had revenue of $320.20 million during the quarter, compared to analyst estimates of $282.86 million. Bitauto Holdings Limited had a negative net margin of 4.76% and a positive return on equity of 3.85%. The company’s quarterly revenue was up 52.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 EPS. Equities research analysts predict that Bitauto Holdings Limited will post $1.15 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BITA. First Trust Advisors LP grew its stake in Bitauto Holdings Limited by 37.3% during the first quarter. First Trust Advisors LP now owns 65,773 shares of the information services provider’s stock worth $1,684,000 after purchasing an additional 17,879 shares during the period. JPMorgan Chase & Co. grew its stake in Bitauto Holdings Limited by 3,394.3% during the first quarter. JPMorgan Chase & Co. now owns 173,739 shares of the information services provider’s stock worth $4,450,000 after purchasing an additional 168,767 shares during the period. SG Americas Securities LLC grew its stake in Bitauto Holdings Limited by 67.1% during the first quarter. SG Americas Securities LLC now owns 10,410 shares of the information services provider’s stock worth $267,000 after purchasing an additional 4,179 shares during the period. Wellington Management Group LLP grew its stake in Bitauto Holdings Limited by 1,647.1% during the first quarter. Wellington Management Group LLP now owns 278,605 shares of the information services provider’s stock worth $7,135,000 after purchasing an additional 262,658 shares during the period. Finally, FIL Ltd grew its stake in Bitauto Holdings Limited by 4.2% during the first quarter. FIL Ltd now owns 957,848 shares of the information services provider’s stock worth $24,531,000 after purchasing an additional 38,295 shares during the period. 19.66% of the stock is 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.

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