According to Zacks, “Bitauto Holdings Limited is engaged in providing internet content and marketing services for automotive industry in China. Its bitauto.com and ucar.cn websites provide consumers new and used automobile pricing information, specifications, reviews and consumer feedback. The Company operates in three segments- bitauto.com business, ucar.cn business and digital marketing solutions business. Bitauto.com business provides subscription services to new automobile dealers and advertising services to dealers and automakers on bitauto.com website. Bitauto’s ucar.cn business provides listing and advertising services to used automobile dealers on ucar.cn website. The Company’s digital marketing solutions business provides automakers with digital marketing solutions, including website creation and maintenance, online public relations, online marketing campaigns and advertising agent services. Bitauto Holdings Limited is headquartered in Beijing, the People’s Republic of China. “
BITA has been the subject of several other reports. Bank of America cut their target price on shares of Bitauto from $19.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. ValuEngine lowered shares of Bitauto from a “sell” rating to a “strong sell” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.00.
NYSE:BITA traded up $0.09 during midday trading on Tuesday, hitting $15.22. The company had a trading volume of 307,031 shares, compared to its average volume of 408,175. Bitauto has a 52-week low of $9.46 and a 52-week high of $25.34. The stock’s fifty day moving average price is $15.22 and its 200-day moving average price is $12.50. The company has a market capitalization of $1.10 billion, a PE ratio of 10.87 and a beta of 0.73. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.26.
Bitauto (NYSE:BITA) last announced its earnings results on Thursday, September 5th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.28). Bitauto had a positive return on equity of 2.21% and a negative net margin of 4.86%. The company had revenue of $406.60 million during the quarter, compared to analysts’ expectations of $388.27 million. During the same quarter last year, the firm posted $0.49 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. As a group, research analysts forecast that Bitauto will post 1.03 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. purchased a new position in Bitauto in the first quarter worth $35,000. Tower Research Capital LLC TRC boosted its position in Bitauto by 10,474.6% during the third quarter. Tower Research Capital LLC TRC now owns 6,662 shares of the information services provider’s stock valued at $100,000 after buying an additional 6,599 shares during the period. Segantii Capital Management Ltd boosted its position in Bitauto by 16.7% during the second quarter. Segantii Capital Management Ltd now owns 6,776 shares of the information services provider’s stock valued at $71,000 after buying an additional 968 shares during the period. Aperio Group LLC purchased a new stake in Bitauto during the second quarter valued at about $80,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in Bitauto by 39.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,215 shares of the information services provider’s stock valued at $117,000 after buying an additional 3,145 shares during the period. Institutional investors own 22.86% of the company’s stock.
Bitauto Company Profile
Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.
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