TB Alternative Assets Ltd. reduced its position in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,683 shares of the company's stock after selling 25,424 shares during the period. TB Alternative Assets Ltd.'s holdings in Bilibili were worth $1,733,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its stake in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock worth $30,000 after buying an additional 891 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in shares of Bilibili during the 3rd quarter worth about $53,000. Venturi Wealth Management LLC purchased a new position in shares of Bilibili during the 3rd quarter worth about $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Bilibili by 26.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company's stock worth $82,000 after acquiring an additional 735 shares during the last quarter. Finally, Assetmark Inc. purchased a new stake in Bilibili in the third quarter valued at approximately $159,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.
Bilibili Trading Down 2.4 %
NASDAQ:BILI traded down $0.43 during trading hours on Tuesday, hitting $17.05. The stock had a trading volume of 2,463,245 shares, compared to its average volume of 4,918,777. The company has a market cap of $7.06 billion, a PE ratio of -18.55 and a beta of 0.81. The business has a 50 day simple moving average of $18.71 and a two-hundred day simple moving average of $18.14. 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 announced its earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period in the prior year, the firm earned ($0.39) earnings per share. The business's quarterly revenue was up 25.8% compared to the same quarter last year. Research analysts expect that Bilibili Inc. will post -0.27 EPS for the current fiscal year.
Wall Street Analyst Weigh In
BILI has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised shares of Bilibili from a "neutral" rating to a "buy" rating and increased their price target for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Benchmark increased their target price on Bilibili from $16.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Daiwa Capital Markets raised Bilibili from a "neutral" rating to a "buy" rating in a research report on Friday, November 8th. Morgan Stanley began coverage on Bilibili in a report on Wednesday, September 25th. They issued an "equal weight" rating and a $20.00 price objective on the stock. Finally, Daiwa America raised Bilibili from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bilibili presently has a consensus rating of "Moderate Buy" and an average price target of $19.69.
Read Our Latest Analysis on Bilibili
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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