Bitauto Holdings Limited (BITA) Stake Lifted by State Street Corp
State Street Corp grew its holdings in Bitauto Holdings Limited (NYSE:BITA) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,280 shares of the information services provider’s stock after purchasing an additional 2,080 shares during the quarter. State Street Corp owned about 0.15% of Bitauto worth $3,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Bitauto by 17.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 534,870 shares of the information services provider’s stock worth $15,378,000 after buying an additional 77,591 shares during the period. Hillhouse Capital Management Ltd. purchased a new stake in shares of Bitauto in the second quarter worth approximately $32,315,000. Penserra Capital Management LLC raised its stake in shares of Bitauto 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 purchasing an additional 28,336 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Bitauto by 76.6% in the second quarter. Macquarie Group Ltd. now owns 375,000 shares of the information services provider’s stock worth $10,781,000 after purchasing an additional 162,600 shares during the last quarter. Finally, Cantillon Capital Management LLC raised its stake in shares of Bitauto by 10.4% in the second quarter. Cantillon Capital Management LLC now owns 3,800,612 shares of the information services provider’s stock worth $109,268,000 after purchasing an additional 359,377 shares during the last quarter. 27.82% of the stock is currently owned by institutional investors.
BITA has been the subject of several analyst reports. BidaskClub downgraded Bitauto from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th. Zacks Investment Research raised Bitauto from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th.
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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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