SG Americas Securities LLC reduced its stake in Bilibili Inc. (NASDAQ:BILI – Free Report) by 28.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,597 shares of the company’s stock after selling 12,819 shares during the quarter. SG Americas Securities LLC’s holdings in Bilibili were worth $590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the stock. TD Private Client Wealth LLC bought a new position in shares of Bilibili in the 3rd quarter worth $53,000. Barclays PLC increased its stake in Bilibili by 13.5% in the third quarter. Barclays PLC now owns 127,563 shares of the company’s stock valued at $2,982,000 after acquiring an additional 15,136 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in Bilibili by 1,064.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock valued at $4,449,000 after purchasing an additional 173,941 shares in the last quarter. Main Management ETF Advisors LLC bought a new stake in Bilibili during the third quarter worth about $1,361,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of Bilibili by 14,710.1% in the 3rd quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock worth $41,205,000 after purchasing an additional 1,750,500 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently weighed in on BILI shares. Mizuho raised their price objective on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays lifted their price target on shares of Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, Bank of America boosted their price target on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research note on Friday, October 25th. Three 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.69.
Bilibili Trading Up 4.8 %
Bilibili stock opened at $17.59 on Friday. The firm has a market cap of $7.29 billion, a P/E ratio of -19.12 and a beta of 0.81. Bilibili Inc. has a 1-year low of $8.81 and a 1-year high of $31.77. The firm has a 50-day moving average of $18.34 and a 200-day moving average of $18.13.
Bilibili (NASDAQ:BILI – Get Free Report) last released its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.47. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The business had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.14 billion. During the same quarter last year, the business posted ($0.39) EPS. The business’s revenue was up 25.8% on a year-over-year basis. Research analysts forecast that Bilibili Inc. will post -0.27 earnings per share for the current fiscal year.
Bilibili 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.
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