Jennison Associates LLC reduced its position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,208,581 shares of the company's stock after selling 76,683 shares during the period. Jennison Associates LLC owned approximately 0.53% of Bilibili worth $42,206,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in shares of Bilibili in the 1st quarter valued at approximately $57,000. Federated Hermes Inc. purchased a new stake in Bilibili in the 4th quarter worth about $55,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Bilibili by 8.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock worth $178,000 after purchasing an additional 722 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Bilibili during the 4th quarter worth about $200,000. Finally, XTX Topco Ltd acquired a new position in shares of Bilibili during the 4th quarter valued at about $227,000. 16.08% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on BILI. Bank of America raised their target price on Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, July 17th. HSBC reaffirmed a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. Hsbc Global Res raised Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Wall Street Zen lowered Bilibili from a "buy" rating to a "hold" rating in a report on Friday. Finally, Sanford C. Bernstein started coverage on Bilibili in a report on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price objective on the stock. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.79.
View Our Latest Analysis on Bilibili
Bilibili Price Performance
NASDAQ:BILI traded down $0.33 during trading hours on Tuesday, reaching $24.62. 1,835,076 shares of the company were exchanged, compared to its average volume of 5,911,640. The company has a market capitalization of $10.29 billion, a P/E ratio of -122.91 and a beta of 0.91. Bilibili Inc. Sponsored ADR has a 1-year low of $12.72 and a 1-year high of $31.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36. The business has a 50 day moving average of $20.38 and a 200 day moving average of $19.17.
Bilibili Profile
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Free Report)
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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