Renaissance Technologies LLC cut its position in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 36.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,200 shares of the company's stock after selling 182,966 shares during the period. Renaissance Technologies LLC owned approximately 0.08% of Bilibili worth $5,835,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in BILI. Arrowstreet Capital Limited Partnership lifted its stake in Bilibili by 3,328.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company's stock worth $11,020,000 after purchasing an additional 590,763 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Bilibili by 26.4% in the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company's stock valued at $41,386,000 after purchasing an additional 477,740 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Bilibili by 16.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company's stock valued at $27,240,000 after purchasing an additional 209,963 shares during the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Bilibili in the fourth quarter valued at about $2,716,000. Finally, Trexquant Investment LP raised its stake in Bilibili by 9.3% during the 4th quarter. Trexquant Investment LP now owns 754,875 shares of the company's stock valued at $13,671,000 after acquiring an additional 63,960 shares during the last quarter. Hedge funds and other institutional investors own 16.08% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently commented on BILI shares. Nomura Securities cut shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Benchmark upped their target price on Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Barclays increased their target price on Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Bilibili presently has a consensus rating of "Moderate Buy" and an average target price of $21.11.
Get Our Latest Research Report on BILI
Bilibili Stock Up 3.2 %
Shares of BILI traded up $0.54 during midday trading on Wednesday, reaching $17.24. 2,442,001 shares of the company were exchanged, compared to its average volume of 6,876,531. The stock has a 50-day moving average price of $19.46 and a 200-day moving average price of $19.39. The company has a market cap of $7.18 billion, a price-to-earnings ratio of -38.32 and a beta of 0.95. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. Bilibili Inc. has a 1-year low of $11.10 and a 1-year high of $31.77.
Bilibili (NASDAQ:BILI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. Research analysts expect that Bilibili Inc. will post 0.16 earnings per share for the current year.
Bilibili Profile
(
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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