Bank of America Corp DE Sells 905,526 Shares of Bilibili Inc. (NASDAQ:BILI)

Bank of America Corp DE lessened its holdings in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 70.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 371,804 shares of the company's stock after selling 905,526 shares during the quarter. Bank of America Corp DE owned approximately 0.09% of Bilibili worth $6,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Avior Wealth Management LLC boosted its stake in shares of Bilibili by 1,817.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock worth $27,000 after acquiring an additional 1,436 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Bilibili during the 4th quarter worth $55,000. Blue Trust Inc. boosted its stake in shares of Bilibili by 147.8% during the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company's stock worth $58,000 after acquiring an additional 1,896 shares during the last quarter. Rakuten Securities Inc. boosted its stake in shares of Bilibili by 145.8% during the 4th quarter. Rakuten Securities Inc. now owns 9,124 shares of the company's stock worth $165,000 after acquiring an additional 5,412 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Bilibili during the 4th quarter worth $200,000. Hedge funds and other institutional investors own 16.08% of the company's stock.

Bilibili Price Performance

NASDAQ BILI traded down $0.90 on Friday, reaching $18.17. The company had a trading volume of 5,543,499 shares, compared to its average volume of 6,365,747. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $7.57 billion, a PE ratio of -40.38 and a beta of 0.93. The firm's 50 day moving average price is $17.71 and its 200 day moving average price is $18.68. Bilibili Inc. has a 12 month low of $12.72 and a 12 month high of $31.77.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. HSBC upgraded shares of Bilibili from a "hold" rating to a "buy" rating and raised their price objective for the company from $21.50 to $22.50 in a research report on Wednesday, May 21st. Hsbc Global Res upgraded shares of Bilibili to a "strong-buy" rating in a research report on Wednesday, May 21st. Benchmark raised their price objective on shares of Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Nomura Securities downgraded shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Bilibili presently has a consensus rating of "Moderate Buy" and an average target price of $21.24.

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.