Platinum Investment Management LTD Boosted Its Bitauto Hldgs LTD (BITA) Stake; Last Week AllianceBernstein Holding LP (AB) Analysts

October 12, 2017 - By Nellie Frank

Among 6 analysts covering AllianceBernstein Holding (NYSE:AB), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. AllianceBernstein Holding had 25 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of AllianceBernstein Holding LP (NYSE:AB) earned “Neutral” rating by Credit Suisse on Friday, August 11. Keefe Bruyette & Woods maintained the shares of AB in report on Thursday, July 27 with “Buy” rating. The firm has “Market Perform” rating given on Friday, October 14 by Wood. The firm earned “Buy” rating on Friday, July 29 by Citigroup. As per Friday, December 16, the company rating was downgraded by Bank of America. The firm earned “Market Perform” rating on Friday, February 12 by Keefe Bruyette & Woods. The rating was maintained by Jefferies with “Hold” on Thursday, August 17. The company was maintained on Wednesday, October 7 by Jefferies. The rating was maintained by Keefe Bruyette & Woods on Friday, October 14 with “Market Perform”. The stock of AllianceBernstein Holding LP (NYSE:AB) earned “Neutral” rating by Citigroup on Tuesday, November 22. See AllianceBernstein Holding LP (NYSE:AB) latest ratings:

25/09/2017 Broker: Jefferies Rating: Hold New Target: $25.0 Maintain
01/09/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $28.0 Maintain
17/08/2017 Broker: Jefferies Rating: Hold New Target: $25.0 Maintain
11/08/2017 Broker: Credit Suisse Rating: Neutral Old Target: $27 New Target: $28 Maintain
27/07/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $28.0000 Maintain
28/06/2017 Broker: Jefferies Rating: Hold New Target: $21.0000 Maintain
13/04/2017 Broker: Bank of America Old Rating: Underperform New Rating: Buy Old Target: $24.00 New Target: $25.00 Upgrade




Platinum Investment Management Ltd increased Bitauto Hldgs Ltd (BITA) stake by 315.2% reported in 2017Q2 SEC filing. Platinum Investment Management Ltd acquired 1.81M shares as Bitauto Hldgs Ltd (BITA)’s stock rose 71.89%. The Platinum Investment Management Ltd holds 2.38M shares with $68.41M value, up from 573,100 last quarter. Bitauto Hldgs Ltd now has $3.52 billion valuation. The stock declined 1.22% or $0.61 reaching $49.37 on the news. About 104,440 shares traded. Bitauto Hldg Ltd (ADR) (NYSE:BITA) has risen 69.99% since October 12, 2016 and is uptrending. It has outperformed by 53.29% the S&P500.

AllianceBernstein Holding L.P. is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The company has market cap of $2.40 billion. The Firm offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds. It has a 11.69 P/E ratio.

About 70,801 shares traded. AllianceBernstein Holding LP (NYSE:AB) has declined 7.46% since October 12, 2016 and is downtrending. It has underperformed by 24.16% the S&P500.

Investors sentiment increased to 1.05 in Q2 2017. Its up 0.21, from 0.84 in 2017Q1. It increased, as 17 investors sold AllianceBernstein Holding LP shares while 39 reduced holdings. 19 funds opened positions while 40 raised stakes. 17.41 million shares or 10.47% less from 19.45 million shares in 2017Q1 were reported. Evercore Wealth Limited Liability Corporation holds 0% in AllianceBernstein Holding LP (NYSE:AB) or 1,000 shares. Salem Investment Counselors stated it has 0.01% in AllianceBernstein Holding LP (NYSE:AB). Peoples Finance Serv has invested 0.02% in AllianceBernstein Holding LP (NYSE:AB). Groesbeck Investment Mngmt Corp Nj holds 2.19% of its portfolio in AllianceBernstein Holding LP (NYSE:AB) for 125,150 shares. Us Bank & Trust De holds 0% in AllianceBernstein Holding LP (NYSE:AB) or 9,949 shares. Hillsdale Inv Mngmt stated it has 0.15% of its portfolio in AllianceBernstein Holding LP (NYSE:AB). Bridgecreek Lc owns 1.08% invested in AllianceBernstein Holding LP (NYSE:AB) for 171,775 shares. 130,700 were accumulated by Renaissance Techs Limited Liability Company. Stratos Wealth Prtn holds 26,054 shares. 20,105 are held by Symons Cap Inc. Thompson Siegel & Walmsley Llc holds 53,867 shares. Loring Wolcott And Coolidge Fiduciary Llp Ma holds 90 shares. New England And Mngmt Inc reported 72,528 shares or 1.27% of all its holdings. Moreover, Winslow Evans Crocker has 0% invested in AllianceBernstein Holding LP (NYSE:AB). Baldwin Brothers Ma reported 0.07% stake.

Platinum Investment Management Ltd decreased Ebay Inc (NASDAQ:EBAY) stake by 158,800 shares to 1.51M valued at $52.61M in 2017Q2. It also reduced Qiwi Plc (NASDAQ:QIWI) stake by 386,901 shares and now owns 1.44M shares. Coca Cola Co (NYSE:KO) was reduced too.

Among 9 analysts covering Bitauto Holdings (NYSE:BITA), 8 have Buy rating, 1 Sell and 0 Hold. Therefore 89% are positive. Bitauto Holdings had 14 analyst reports since October 29, 2015 according to SRatingsIntel. The stock of Bitauto Hldg Ltd (ADR) (NYSE:BITA) earned “Buy” rating by Citigroup on Thursday, October 29. The stock of Bitauto Hldg Ltd (ADR) (NYSE:BITA) has “Underperform” rating given on Tuesday, November 10 by CLSA. JP Morgan initiated the shares of BITA in report on Wednesday, August 31 with “Overweight” rating. The stock of Bitauto Hldg Ltd (ADR) (NYSE:BITA) earned “Underperform” rating by Credit Agricole on Tuesday, November 10. The firm has “Neutral” rating given on Tuesday, February 23 by JP Morgan. The stock of Bitauto Hldg Ltd (ADR) (NYSE:BITA) has “Outperform” rating given on Wednesday, May 24 by CLSA. The firm has “Buy” rating given on Monday, February 22 by CLSA. The firm earned “Buy” rating on Monday, February 22 by Credit Agricole. CLSA upgraded the stock to “Buy” rating in Friday, September 1 report. The firm earned “Underweight” rating on Monday, May 16 by Morgan Stanley.

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