Bilibili Inc. (NASDAQ:BILI) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. trimmed its position in shares of Bilibili Inc. (NASDAQ:BILI) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,485 shares of the company’s stock after selling 2,848 shares during the quarter. Nomura Holdings Inc.’s holdings in Bilibili were worth $785,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BILI. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bilibili during the 3rd quarter worth approximately $3,043,000. SG Americas Securities LLC raised its position in Bilibili by 102.0% in the fourth quarter. SG Americas Securities LLC now owns 80,257 shares of the company’s stock worth $977,000 after acquiring an additional 40,523 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Bilibili by 19.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock valued at $125,000 after acquiring an additional 1,667 shares during the period. Trexquant Investment LP acquired a new stake in Bilibili in the fourth quarter valued at $2,167,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of Bilibili by 29.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock worth $85,000 after purchasing an additional 1,569 shares in the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Price Performance

Shares of NASDAQ BILI opened at $17.05 on Friday. The company has a 50-day simple moving average of $14.09 and a 200-day simple moving average of $11.97. The company has a market cap of $7.03 billion, a PE ratio of -10.21 and a beta of 0.89. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $19.15.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, May 23rd. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.02. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.46%. The firm had revenue of $791.16 million during the quarter, compared to analysts’ expectations of $775.06 million. On average, analysts anticipate that Bilibili Inc. will post -0.5 EPS for the current year.

Analyst Upgrades and Downgrades

BILI has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price on the stock in a research report on Tuesday. UBS Group upgraded Bilibili from a “neutral” rating to a “buy” rating and upped their price target for the stock from $11.90 to $18.00 in a report on Friday, May 31st. Barclays raised Bilibili from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $10.00 to $14.00 in a report on Friday, May 24th. Citigroup lowered Bilibili from a “buy” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $12.50 in a report on Monday, March 11th. Finally, Benchmark lifted their price target on Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bilibili presently has an average rating of “Hold” and an average price target of $16.90.

Bilibili Company 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.