Yong Rong HK Asset Management Ltd Has $2.34 Million Position in Bilibili Inc. (NASDAQ:BILI)

Yong Rong HK Asset Management Ltd reduced its stake in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 75.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the company's stock after selling 300,000 shares during the quarter. Bilibili comprises about 0.7% of Yong Rong HK Asset Management Ltd's investment portfolio, making the stock its 18th largest holding. Yong Rong HK Asset Management Ltd's holdings in Bilibili were worth $2,338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SIH Partners LLLP raised its position in Bilibili by 145.9% in the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company's stock worth $18,457,000 after acquiring an additional 709,200 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Bilibili by 62.6% in the 1st quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company's stock valued at $3,483,000 after acquiring an additional 119,747 shares during the last quarter. Natixis acquired a new stake in Bilibili in the 1st quarter valued at about $537,000. Janney Montgomery Scott LLC acquired a new stake in Bilibili in the 1st quarter valued at about $951,000. Finally, GSA Capital Partners LLP acquired a new stake in Bilibili in the 1st quarter valued at about $460,000. 16.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BILI has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Bilibili in a report on Wednesday, September 25th. They issued an "equal weight" rating and a $20.00 price target for the company. Sanford C. Bernstein upped their price target on shares of Bilibili from $12.00 to $13.00 and gave the company a "market perform" rating in a report on Friday, August 23rd. Nomura raised shares of Bilibili from a "neutral" rating to a "buy" rating and set a $18.00 price objective for the company in a research note on Thursday, August 22nd. Barclays raised shares of Bilibili from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $14.00 to $19.00 in a research note on Friday, August 23rd. Finally, Daiwa America lowered shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $18.15.

Bilibili Stock Performance

Shares of NASDAQ BILI traded down $0.22 during mid-day trading on Friday, reaching $21.90. The company had a trading volume of 2,740,966 shares, compared to its average volume of 7,251,895. The stock has a fifty day moving average of $19.22 and a two-hundred day moving average of $16.35. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of -16.34 and a beta of 0.86. Bilibili Inc. has a 12-month low of $8.80 and a 12-month high of $31.77.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.55). The company had revenue of $6.13 billion during the quarter, compared to analysts' expectations of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. Bilibili's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the company earned ($0.43) earnings per share. Sell-side analysts forecast that Bilibili Inc. will post -0.32 earnings per share for the current fiscal year.

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.