HighVista Strategies LLC Sells 41,000 Shares of Bilibili Inc. (NASDAQ:BILI)

HighVista Strategies LLC lowered its holdings in Bilibili Inc. (NASDAQ:BILI) by 46.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,857 shares of the company’s stock after selling 41,000 shares during the period. HighVista Strategies LLC’s holdings in Bilibili were worth $723,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. CWM LLC raised its stake in shares of Bilibili by 61.9% during the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares during the period. SG Americas Securities LLC raised its position in Bilibili by 4.9% in the second quarter. SG Americas Securities LLC now owns 33,711 shares of the company’s stock worth $520,000 after acquiring an additional 1,569 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Bilibili by 10.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock valued at $272,000 after acquiring an additional 1,650 shares during the last quarter. Parallel Advisors LLC boosted its stake in Bilibili by 62.6% in the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after acquiring an additional 1,734 shares during the last quarter. Finally, Profund Advisors LLC grew its position in shares of Bilibili by 5.7% during the 2nd quarter. Profund Advisors LLC now owns 41,806 shares of the company’s stock valued at $645,000 after acquiring an additional 2,257 shares during the period. Institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

BILI stock opened at $15.90 on Monday. The firm has a 50 day simple moving average of $14.78 and a two-hundred day simple moving average of $14.13. The stock has a market cap of $6.57 billion, a PE ratio of -9.52 and a beta of 0.83. Bilibili Inc. has a one year low of $8.80 and a one year high of $18.19.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The company had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.43) earnings per share. On average, research analysts expect that Bilibili Inc. will post -0.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price objective on the stock in a research note on Tuesday, June 18th. Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $14.00 to $19.00 in a research report on Friday, August 23rd. Daiwa America upgraded shares of Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, August 22nd. Finally, Bank of America boosted their price target on shares of Bilibili from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and a consensus target price of $16.91.

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.