Russell Investments Group Ltd. Buys 6,649 Shares of Bitauto Hldg Ltd (BITA)

Russell Investments Group Ltd. grew its stake in shares of Bitauto Hldg Ltd (NYSE:BITA) by 163.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,727 shares of the information services provider’s stock after purchasing an additional 6,649 shares during the quarter. Russell Investments Group Ltd.’s holdings in Bitauto were worth $479,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of Bitauto by 9.6% during the second quarter. SG Americas Securities LLC now owns 11,409 shares of the information services provider’s stock valued at $328,000 after purchasing an additional 999 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Bitauto by 2.3% during the second quarter. California Public Employees Retirement System now owns 58,300 shares of the information services provider’s stock valued at $1,676,000 after purchasing an additional 1,300 shares during the last quarter. State Street Corp grew its holdings in shares of Bitauto by 1.8% during the second quarter. State Street Corp now owns 117,280 shares of the information services provider’s stock valued at $3,372,000 after purchasing an additional 2,080 shares during the last quarter. Advisors Preferred LLC bought a new position in shares of Bitauto during the third quarter valued at approximately $105,000. Finally, First Trust Advisors LP grew its holdings in shares of Bitauto by 3.6% during the second quarter. First Trust Advisors LP now owns 68,169 shares of the information services provider’s stock valued at $1,960,000 after purchasing an additional 2,396 shares during the last quarter. 27.82% of the stock is owned by institutional investors.

Several equities analysts have recently commented on BITA shares. BidaskClub raised Bitauto from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research raised Bitauto from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Morgan Stanley started coverage on Bitauto in a report on Wednesday, December 13th. They set an “overweight” rating for the company. ValuEngine lowered Bitauto from a “hold” rating to a “sell” rating in a report on Friday, December 15th. Finally, Citigroup assumed coverage on Bitauto in a report on Tuesday. They issued a “buy” rating and a $40.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Bitauto has a consensus rating of “Buy” and a consensus target price of $43.00.

Bitauto Hldg Ltd (NYSE BITA) opened at $35.43 on Friday. Bitauto Hldg Ltd has a fifty-two week low of $18.04 and a fifty-two week high of $54.42. The stock has a market capitalization of $2,463.79, a P/E ratio of -15.34 and a beta of 3.04.

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Bitauto 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 (NYSE:BITA)

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