Bitauto Holdings Limited (BITA) Shares Bought by Jane Street Group LLC

Jane Street Group LLC boosted its position in Bitauto Holdings Limited (NYSE:BITA) by 51.5% during the third quarter, Holdings Channel reports. The institutional investor owned 20,209 shares of the company’s stock after buying an additional 6,867 shares during the period. Jane Street Group LLC’s holdings in Bitauto Holdings Limited were worth $588,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BITA. Quantbot Technologies LP bought a new position in Bitauto Holdings Limited during the third quarter valued at about $112,000. Tower Research Capital LLC TRC increased its position in Bitauto Holdings Limited by 140.6% in the third quarter. Tower Research Capital LLC TRC now owns 4,090 shares of the company’s stock valued at $119,000 after buying an additional 2,390 shares during the last quarter. Penserra Capital Management LLC increased its position in Bitauto Holdings Limited by 6.3% in the third quarter. Penserra Capital Management LLC now owns 7,350 shares of the company’s stock valued at $213,000 after buying an additional 434 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Bitauto Holdings Limited by 61.5% in the second quarter. Public Employees Retirement System of Ohio now owns 8,400 shares of the company’s stock valued at $226,000 after buying an additional 3,200 shares during the last quarter. Finally, BlackRock Inc. increased its position in Bitauto Holdings Limited by 2.4% in the third quarter. BlackRock Inc. now owns 7,896 shares of the company’s stock valued at $229,000 after buying an additional 182 shares during the last quarter. 22.19% of the stock is owned by hedge funds and other institutional investors.

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

Bitauto Holdings Limited (NYSE:BITA) traded up 0.90% during mid-day trading on Friday, reaching $20.18. 403,294 shares of the company were exchanged. The stock’s market capitalization is $1.39 billion. Bitauto Holdings Limited has a 12-month low of $16.56 and a 12-month high of $33.16. The company’s 50 day moving average price is $20.48 and its 200-day moving average price is $24.23.

Bitauto Holdings Limited (NYSE:BITA) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.11. The firm earned $224.90 million during the quarter, compared to analyst estimates of $209.59 million. Bitauto Holdings Limited had a negative net margin of 10.04% and a positive return on equity of 3.22%. The business’s revenue was up 34.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. On average, equities research analysts forecast that Bitauto Holdings Limited will post $0.62 earnings per share for the current fiscal year.

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Separately, Zacks Investment Research downgraded shares of Bitauto Holdings Limited from a “buy” rating to a “hold” rating in a report on Monday, January 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.60.

About Bitauto Holdings Limited

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.

5 Day Chart for NYSE:BITA

Want to see what other hedge funds are holding BITA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bitauto Holdings Limited (NYSE:BITA).

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