JPMorgan Chase & Co. Sells 61,775 Shares of Bitauto Holdings Limited (BITA)

JPMorgan Chase & Co. lowered its position in shares of Bitauto Holdings Limited (NYSE:BITA) by 35.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 111,964 shares of the information services provider’s stock after selling 61,775 shares during the period. JPMorgan Chase & Co. owned 0.15% of Bitauto Holdings Limited worth $3,219,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of 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 acquiring an additional 262,658 shares during the last quarter. UBS Group AG grew its position in shares of Bitauto Holdings Limited by 6,428.0% during the first quarter. UBS Group AG now owns 410,347 shares of the information services provider’s stock worth $10,509,000 after acquiring an additional 404,061 shares during the last quarter. Platinum Investment Management Ltd. bought a new position in shares of Bitauto Holdings Limited during the first quarter worth about $14,677,000. Penserra Capital Management LLC grew its position in shares of Bitauto Holdings Limited by 236.2% during 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 last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Bitauto Holdings Limited during the second quarter worth about $250,000. Institutional investors and hedge funds own 19.66% of the company’s stock.

Bitauto Holdings Limited (BITA) opened at 50.02 on Wednesday. The stock’s 50 day moving average is $42.06 and its 200 day moving average is $32.64. The company’s market cap is $3.49 billion. Bitauto Holdings Limited has a 52-week low of $16.56 and a 52-week high of $50.61.

Bitauto Holdings Limited (NYSE:BITA) last issued its quarterly earnings data on Tuesday, August 15th. The information services provider reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.05). The company had revenue of $320.20 million for the quarter, compared to the consensus estimate 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 firm’s revenue was up 52.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 earnings per share. On average, analysts predict that Bitauto Holdings Limited will post $1.12 earnings per share for the current fiscal year.

BITA has been the subject of several recent research reports. BidaskClub upgraded shares of Bitauto Holdings Limited from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. Finally, ValuEngine upgraded shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd.

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Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of 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 acquiring an additional 262,658 shares during the last quarter. UBS Group AG grew its position in shares of Bitauto Holdings Limited by 6,428.0% during the first quarter. UBS Group AG now owns 410,347 shares of the information services provider’s stock worth $10,509,000 after acquiring an additional 404,061 shares during the last quarter. Platinum Investment Management Ltd. bought a new position in shares of Bitauto Holdings Limited during the first quarter worth about $14,677,000. Penserra Capital Management LLC grew its position in shares of Bitauto Holdings Limited by 236.2% during 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 last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Bitauto Holdings Limited during the second quarter worth about $250,000. Institutional investors and hedge funds own 19.66% of the company’s stock.

Bitauto Holdings Limited (BITA) opened at 50.02 on Wednesday. The stock’s 50 day moving average is $42.06 and its 200 day moving average is $32.64. The company’s market cap is $3.49 billion. Bitauto Holdings Limited has a 52-week low of $16.56 and a 52-week high of $50.61.

Bitauto Holdings Limited (NYSE:BITA) last issued its quarterly earnings data on Tuesday, August 15th. The information services provider reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.05). The company had revenue of $320.20 million for the quarter, compared to the consensus estimate 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 firm’s revenue was up 52.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 earnings per share. On average, analysts predict that Bitauto Holdings Limited will post $1.12 earnings per share for the current fiscal year.

BITA has been the subject of several recent research reports. BidaskClub upgraded shares of Bitauto Holdings Limited from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. Finally, ValuEngine upgraded shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/11/jpmorgan-chase-co-sells-61775-shares-of-bitauto-holdings-limited-bita.html.

Bitauto Holdings Limited 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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