Voloridge Investment Management LLC Sells 2,120,671 Shares of Bilibili Inc. (NASDAQ:BILI)

Voloridge Investment Management LLC lowered its stake in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 88.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 287,094 shares of the company's stock after selling 2,120,671 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.07% of Bilibili worth $5,199,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC grew its position in Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock valued at $27,000 after buying an additional 1,436 shares during the period. Federated Hermes Inc. bought a new position in Bilibili during the fourth quarter valued at about $55,000. Blue Trust Inc. grew its position in Bilibili by 147.8% during the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company's stock valued at $58,000 after buying an additional 1,896 shares during the period. Rakuten Securities Inc. grew its position in Bilibili by 145.8% during the fourth quarter. Rakuten Securities Inc. now owns 9,124 shares of the company's stock valued at $165,000 after buying an additional 5,412 shares during the period. Finally, Dimensional Fund Advisors LP bought a new position in Bilibili during the fourth quarter valued at about $200,000. Institutional investors own 16.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. HSBC upgraded shares of Bilibili from a "hold" rating to a "buy" rating and increased their price target for the company from $21.50 to $22.50 in a research report on Wednesday, May 21st. Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Barclays upped their price objective on shares of Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Nomura Securities downgraded shares of Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Benchmark upped their price objective on shares of Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Bilibili presently has an average rating of "Moderate Buy" and an average target price of $21.24.

Bilibili Price Performance

Shares of Bilibili stock traded down $0.90 on Friday, reaching $18.17. The stock had a trading volume of 5,543,499 shares, compared to its average volume of 6,365,747. Bilibili Inc. has a 1 year low of $12.72 and a 1 year high of $31.77. The company has a market cap of $7.57 billion, a P/E ratio of -40.38 and a beta of 0.93. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $17.71 and its two-hundred day moving average is $18.68.

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.