Prescott Group Capital Management L.L.C. acquired a new stake in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 150,000 shares of the company's stock, valued at approximately $2,716,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of Bilibili by 422.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company's stock worth $52,747,000 after purchasing an additional 1,823,829 shares in the last quarter. Two Sigma Advisers LP lifted its position in Bilibili by 14,710.1% in the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company's stock valued at $41,205,000 after purchasing an additional 1,750,500 shares during the last quarter. Jennison Associates LLC boosted its position in Bilibili by 208.4% during the 3rd quarter. Jennison Associates LLC now owns 1,807,524 shares of the company's stock valued at $42,260,000 after buying an additional 1,221,433 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Bilibili by 31.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company's stock worth $30,258,000 after purchasing an additional 311,073 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Bilibili by 1,064.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company's stock valued at $4,449,000 after buying an additional 173,941 shares during the period. Hedge funds and other institutional investors own 16.08% of the company's stock.
Bilibili Trading Up 4.4 %
Shares of BILI stock traded up $0.96 on Tuesday, reaching $22.77. 6,367,958 shares of the stock were exchanged, compared to its average volume of 7,035,247. Bilibili Inc. has a 1-year low of $10.37 and a 1-year high of $31.77. The stock has a market cap of $9.44 billion, a P/E ratio of -50.60 and a beta of 0.93. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $18.72 and a two-hundred day moving average of $19.21.
Bilibili (NASDAQ:BILI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.05 billion. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. On average, research analysts anticipate that Bilibili Inc. will post 0.16 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on BILI shares. Mizuho boosted their price target on Bilibili from $17.00 to $21.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Barclays boosted their price target on Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Benchmark raised their target price on Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Nomura Securities cut shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Bilibili presently has an average rating of "Moderate Buy" and an average target price of $20.33.
Read Our Latest Report on BILI
About Bilibili
(
Free Report)
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.
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