Bilibili Inc. (NASDAQ:BILI) Shares Sold by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC cut its stake in shares of Bilibili Inc. (NASDAQ:BILI) by 94.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 100,000 shares of the company’s stock after selling 1,736,271 shares during the period. Ghisallo Capital Management LLC’s holdings in Bilibili were worth $1,544,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BILI. SIH Partners LLLP lifted its stake in Bilibili by 145.9% in the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after acquiring an additional 709,200 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Bilibili by 62.6% during the first quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company’s stock worth $3,483,000 after purchasing an additional 119,747 shares in the last quarter. Natixis acquired a new position in shares of Bilibili during the first quarter worth $537,000. Janney Montgomery Scott LLC purchased a new position in Bilibili in the first quarter valued at $951,000. Finally, GSA Capital Partners LLP acquired a new stake in Bilibili in the first quarter valued at $460,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Bilibili Stock Up 14.3 %

BILI opened at $26.73 on Wednesday. The business has a 50 day moving average price of $15.32 and a two-hundred day moving average price of $14.48. Bilibili Inc. has a 52 week low of $8.80 and a 52 week high of $26.90. The company has a market cap of $11.04 billion, a PE ratio of -16.01 and a beta of 0.83.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same period in the prior year, the business earned ($0.43) earnings per share. Bilibili’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, sell-side analysts expect that Bilibili Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BILI has been the subject of several analyst reports. Daiwa Capital Markets raised Bilibili from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 22nd. Nomura Securities upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price objective on the stock in a report on Tuesday, June 18th. The Goldman Sachs Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and upped their target price for the company from $16.50 to $22.60 in a report on Thursday, September 26th. Finally, Daiwa America raised shares of Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.83.

About 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.