Yong Rong HK Asset Management Ltd decreased its position in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 75.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the company's stock after selling 300,000 shares during the period. Bilibili accounts for about 0.7% of Yong Rong HK Asset Management Ltd's investment portfolio, making the stock its 18th largest position. Yong Rong HK Asset Management Ltd's holdings in Bilibili were worth $2,338,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in BILI. Blue Trust Inc. boosted its stake in shares of Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock worth $30,000 after acquiring an additional 891 shares during the period. CWM LLC lifted its holdings in Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company's stock worth $34,000 after purchasing an additional 853 shares in the last quarter. Sandia Investment Management LP bought a new position in Bilibili in the 1st quarter worth approximately $112,000. Beck Bode LLC purchased a new stake in Bilibili during the 2nd quarter valued at approximately $165,000. Finally, Signaturefd LLC raised its position in shares of Bilibili by 6.5% during the third quarter. Signaturefd LLC now owns 9,731 shares of the company's stock valued at $228,000 after buying an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 16.08% of the company's stock.
NASDAQ BILI opened at $21.90 on Friday. Bilibili Inc. has a 52 week low of $8.80 and a 52 week high of $31.77. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of -16.34 and a beta of 0.86. The company has a fifty day moving average of $19.22 and a two-hundred day moving average of $16.31.
Bilibili (NASDAQ:BILI - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.55). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The firm had revenue of $6.13 billion for the quarter, compared to analysts' expectations of $6.10 billion. During the same period in the prior year, the firm posted ($0.43) earnings per share. Bilibili's revenue for the quarter was up 15.5% on a year-over-year basis. Equities research analysts anticipate that Bilibili Inc. will post -0.32 EPS for the current year.
A number of equities analysts recently weighed in on BILI shares. Daiwa America lowered shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Bank of America raised their price objective on Bilibili from $19.00 to $22.50 and gave the company a "buy" rating in a research report on Friday, October 25th. Nomura upgraded Bilibili from a "neutral" rating to a "buy" rating and set a $18.00 target price on the stock in a research report on Thursday, August 22nd. Morgan Stanley began coverage on Bilibili in a report on Wednesday, September 25th. They set an "equal weight" rating and a $20.00 price target for the company. Finally, Nomura Securities raised Bilibili from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 22nd. Five equities research 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 company. Based on data from MarketBeat.com, Bilibili currently has an average rating of "Moderate Buy" and an average price target of $18.15.
Get Our Latest Report on Bilibili
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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