Fmr LLC Trims Stock Position in Bilibili Inc. (NASDAQ:BILI)

FMR LLC lowered its position in Bilibili Inc. (NASDAQ:BILI - Free Report) by 48.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,514,619 shares of the company's stock after selling 1,434,701 shares during the quarter. FMR LLC owned approximately 0.37% of Bilibili worth $35,412,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock valued at $30,000 after buying an additional 891 shares during the last quarter. CWM LLC lifted its stake in Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company's stock valued at $34,000 after buying an additional 853 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Bilibili in the third quarter valued at approximately $63,000. Assetmark Inc. purchased a new stake in Bilibili in the third quarter valued at approximately $159,000. Finally, Beck Bode LLC acquired a new position in shares of Bilibili in the second quarter valued at approximately $165,000. Hedge funds and other institutional investors own 16.08% of the company's stock.

Bilibili Price Performance

BILI traded up $4.13 during trading on Monday, reaching $23.21. 24,951,084 shares of the stock were exchanged, compared to its average volume of 7,142,079. The business's 50 day moving average price is $21.33 and its two-hundred day moving average price is $17.44. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of -23.91 and a beta of 0.80. Bilibili Inc. has a 1 year low of $8.80 and a 1 year high of $31.77.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.47. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same period in the prior year, the business earned ($0.39) earnings per share. The business's revenue was up 25.8% on a year-over-year basis. On average, analysts anticipate that Bilibili Inc. will post -0.34 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BILI shares. Morgan Stanley started coverage on Bilibili in a report on Wednesday, September 25th. They issued an "equal weight" rating and a $20.00 target price on the stock. Bank of America boosted their target price on Bilibili from $19.00 to $22.50 and gave the company a "buy" rating in a report on Friday, October 25th. Nomura raised Bilibili from a "neutral" rating to a "buy" rating and set a $18.00 target price on the stock in a report on Thursday, August 22nd. Benchmark upped their price objective on Bilibili from $16.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, The Goldman Sachs Group raised Bilibili from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $16.50 to $22.60 in a report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.69.

Bilibili Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.