Nomura Asset Management Co. Ltd. acquired a new stake in Bitauto Hldg Ltd (NYSE:BITA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 21,400 shares of the information services provider’s stock, valued at approximately $956,000.

A number of other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased 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 valued at $15,378,000 after buying an additional 77,591 shares during the period. Macquarie Group Ltd. increased its stake in Bitauto by 22.5% during the 3rd quarter. Macquarie Group Ltd. now owns 459,200 shares of the information services provider’s stock valued at $20,517,000 after buying an additional 84,200 shares during the period. Aperio Group LLC acquired a new position in Bitauto during the 3rd quarter valued at about $296,000. First Trust Advisors LP increased its stake in Bitauto by 16.9% during the 3rd quarter. First Trust Advisors LP now owns 79,723 shares of the information services provider’s stock valued at $3,562,000 after buying an additional 11,554 shares during the period. Finally, Carmignac Gestion increased its stake in Bitauto by 763.0% during the 3rd quarter. Carmignac Gestion now owns 2,154,660 shares of the information services provider’s stock valued at $96,270,000 after buying an additional 1,904,987 shares during the period. Hedge funds and other institutional investors own 27.82% of the company’s stock.

Several research firms have commented on BITA. BidaskClub raised shares of Bitauto from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 5th. Zacks Investment Research raised shares of Bitauto from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Finally, ValuEngine cut shares of Bitauto from a “hold” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $44.50.

Bitauto Hldg Ltd (NYSE BITA) opened at $29.77 on Friday. Bitauto Hldg Ltd has a 52 week low of $16.76 and a 52 week high of $54.42.

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About Bitauto

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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