Discovery Capital Management Has Lifted By $10.17 Million Its Bitauto Hldgs LTD (BITA) Holding; LPL Financial Holdings (LPLA)’s Sentiment Is 1.02

April 22, 2018 - By Darrin Black

LPL Financial Holdings Inc. (NASDAQ:LPLA) Logo

Discovery Capital Management Llc increased Bitauto Hldgs Ltd (BITA) stake by 79% reported in 2017Q4 SEC filing. Discovery Capital Management Llc acquired 328,132 shares as Bitauto Hldgs Ltd (BITA)’s stock declined 36.73%. The Discovery Capital Management Llc holds 743,493 shares with $23.64M value, up from 415,361 last quarter. Bitauto Hldgs Ltd now has $1.45B valuation. The stock increased 2.09% or $0.43 during the last trading session, reaching $20.98. About 1.49 million shares traded or 32.44% up from the average. Bitauto Holdings Limited (NYSE:BITA) has declined 22.66% since April 22, 2017 and is downtrending. It has underperformed by 34.21% the S&P500.

LPL Financial Holdings Inc (LPLA) investors sentiment decreased to 1.02 in Q4 2017. It’s down -0.98, from 2 in 2017Q3. The ratio worsened, as 105 investment professionals started new and increased positions, while 103 cut down and sold stakes in LPL Financial Holdings Inc. The investment professionals in our database now have: 81.20 million shares, up from 80.35 million shares in 2017Q3. Also, the number of investment professionals holding LPL Financial Holdings Inc in top ten positions increased from 8 to 9 for an increase of 1. Sold All: 23 Reduced: 80 Increased: 61 New Position: 44.

Among 9 analysts covering Bitauto Holdings (NYSE:BITA), 8 have Buy rating, 1 Sell and 0 Hold. Therefore 89% are positive. Bitauto Holdings had 16 analyst reports since October 29, 2015 according to SRatingsIntel. The stock of Bitauto Holdings Limited (NYSE:BITA) earned “Buy” rating by Citigroup on Thursday, October 29. The rating was initiated by HSBC on Wednesday, January 27 with “Buy”. The firm earned “Buy” rating on Tuesday, January 2 by Citigroup. The rating was downgraded by CLSA on Wednesday, May 24 to “Outperform”. The stock has “Buy” rating by CLSA on Monday, February 22. Morgan Stanley downgraded Bitauto Holdings Limited (NYSE:BITA) rating on Monday, May 16. Morgan Stanley has “Underweight” rating and $20 target. As per Wednesday, August 31, the company rating was initiated by JP Morgan. On Tuesday, November 10 the stock rating was downgraded by CLSA to “Underperform”. Credit Suisse upgraded the shares of BITA in report on Wednesday, March 9 to “Outperform” rating. Macquarie Research initiated Bitauto Holdings Limited (NYSE:BITA) on Friday, July 8 with “Outperform” rating.

Discovery Capital Management Llc decreased Teradyne Inc (NYSE:TER) stake by 831,007 shares to 783,781 valued at $32.82M in 2017Q4. It also reduced Broadcom Ltd stake by 408,600 shares and now owns 158,682 shares. Bwx Technologies Inc was reduced too.

LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors in the United States. The company has market cap of $5.53 billion. The Company’s brokerage offerings include variable and fixed annuities, mutual funds, equities, alternative investments such as non-traded real estate investment trusts and business development companies, retirement and 529 education savings plans, fixed income, and insurance. It has a 23.69 P/E ratio. The companyÂ’s fee platforms provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities.

Ratings analysis reveals 0 of LPL Financial’s analysts are positive. Out of 5 Wall Street analysts rating LPL Financial, 0 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $27.0 while the high is $35.0. The stock’s average target of $31 is -49.47% below today’s ($61.35) share price. LPLA was included in 5 notes of analysts from August 22, 2016. The company was upgraded on Thursday, November 10 by UBS. As per Tuesday, January 10, the company rating was upgraded by Goldman Sachs. Credit Suisse downgraded the stock to “Neutral” rating in Monday, August 22 report. The rating was initiated by Morgan Stanley with “Underweight” on Monday, September 26. On Wednesday, October 12 the stock rating was downgraded by JP Morgan to “Neutral”.

Since January 1, 0001, it had 0 insider purchases, and 13 selling transactions for $93.03 million activity.

Wildcat Capital Management Llc holds 12.67% of its portfolio in LPL Financial Holdings Inc. for 208,401 shares. Hmi Capital Llc owns 1.88 million shares or 12.42% of their US portfolio. Moreover, Fairview Capital Investment Management Llc has 11.96% invested in the company for 3.45 million shares. The New York-based Three Corner Global Investors Lp has invested 10.4% in the stock. Spo Advisory Corp, a California-based fund reported 6.96 million shares.

The stock increased 1.29% or $0.78 during the last trading session, reaching $61.35. About 1.58M shares traded or 68.64% up from the average. LPL Financial Holdings Inc. (LPLA) has risen 54.79% since April 22, 2017 and is uptrending. It has outperformed by 43.24% the S&P500.

Analysts await LPL Financial Holdings Inc. (NASDAQ:LPLA) to report earnings on May, 3 after the close. They expect $0.68 EPS, up 3.03% or $0.02 from last year’s $0.66 per share. LPLA’s profit will be $61.34 million for 22.56 P/E if the $0.68 EPS becomes a reality. After $0.89 actual EPS reported by LPL Financial Holdings Inc. for the previous quarter, Wall Street now forecasts -23.60% negative EPS growth.

LPL Financial Holdings Inc. (NASDAQ:LPLA) Institutional Positions Chart

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