Bitauto Holdings Limited (BITA) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC reduced its holdings in shares of Bitauto Holdings Limited (NYSE:BITA) by 35.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,800 shares of the information services provider’s stock after selling 8,200 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Bitauto were worth $426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its stake in shares of Bitauto by 236.2% during the second quarter. Penserra Capital Management LLC now owns 40,331 shares of the information services provider’s stock valued at $1,159,000 after purchasing an additional 28,336 shares in the last quarter. Cantillon Capital Management LLC increased its holdings in shares of Bitauto by 10.4% during the second quarter. Cantillon Capital Management LLC now owns 3,800,612 shares of the information services provider’s stock valued at $109,268,000 after acquiring an additional 359,377 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Bitauto during the second quarter valued at approximately $1,584,000. SG Americas Securities LLC increased 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 acquiring an additional 999 shares in the last quarter. Finally, First Trust Advisors LP increased 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 acquiring an additional 2,396 shares in the last quarter. 27.82% of the stock is owned by institutional investors.

BITA has been the subject of several recent research reports. BidaskClub cut Bitauto from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research raised Bitauto from a “sell” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, October 24th.

Bitauto Holdings Limited (BITA) traded down $1.75 on Wednesday, reaching $29.09. The company had a trading volume of 1,493,633 shares, compared to its average volume of 969,736. Bitauto Holdings Limited has a fifty-two week low of $16.56 and a fifty-two 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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