Bitauto Target of Unusually Large Options Trading (NYSE:BITA)

Bitauto Hldg Ltd (NYSE:BITA) saw unusually large options trading activity on Thursday. Stock traders purchased 1,523 call options on the stock. This is an increase of 870% compared to the typical daily volume of 157 call options.

BITA has been the topic of several analyst reports. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Bank of America set a $77.00 price target on shares of Zscaler and gave the stock a “neutral” rating in a research note on Friday, May 31st. Zacks Investment Research cut shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of in a research note on Friday, June 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $21.17.

BITA opened at $11.16 on Friday. The business has a 50 day moving average of $10.52. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 1.18. Bitauto has a 1 year low of $9.46 and a 1 year high of $25.69. The firm has a market capitalization of $832.86 million, a PE ratio of 7.97 and a beta of 1.00.



Bitauto (NYSE:BITA) last released its earnings results on Thursday, May 30th. The information services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.10. Bitauto had a negative net margin of 3.57% and a positive return on equity of 1.93%. The business had revenue of $407.50 million for the quarter, compared to analysts’ expectations of $368.34 million. During the same period last year, the company earned $0.13 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. On average, research analysts expect that Bitauto will post 1.4 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Bitauto in the fourth quarter worth approximately $9,222,000. River & Mercantile Asset Management LLP boosted its position in shares of Bitauto by 27.5% in the fourth quarter. River & Mercantile Asset Management LLP now owns 318,713 shares of the information services provider’s stock worth $7,883,000 after acquiring an additional 68,658 shares during the last quarter. Wedbush Securities Inc. boosted its position in shares of Bitauto by 24.8% in the first quarter. Wedbush Securities Inc. now owns 15,100 shares of the information services provider’s stock worth $240,000 after acquiring an additional 3,000 shares during the last quarter. Krane Funds Advisors LLC boosted its position in shares of Bitauto by 32.7% in the first quarter. Krane Funds Advisors LLC now owns 435,517 shares of the information services provider’s stock worth $6,933,000 after acquiring an additional 107,326 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Bitauto in the first quarter worth approximately $90,000. 27.87% of the stock is currently owned by institutional investors and hedge funds.

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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