Jennison Associates LLC Sells 76,683 Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI)

Jennison Associates LLC reduced its stake in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,208,581 shares of the company's stock after selling 76,683 shares during the period. Jennison Associates LLC owned 0.53% of Bilibili worth $42,206,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Trexquant Investment LP lifted its position in Bilibili by 9.3% in the 4th quarter. Trexquant Investment LP now owns 754,875 shares of the company's stock valued at $13,671,000 after acquiring an additional 63,960 shares in the last quarter. Jump Financial LLC bought a new position in shares of Bilibili during the fourth quarter valued at approximately $11,584,000. Arrowstreet Capital Limited Partnership raised its position in Bilibili by 3,328.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company's stock valued at $11,020,000 after purchasing an additional 590,763 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Bilibili by 8.1% in the 4th quarter. Schroder Investment Management Group now owns 531,047 shares of the company's stock valued at $9,771,000 after acquiring an additional 39,616 shares during the period. Finally, Northern Trust Corp boosted its stake in Bilibili by 164.2% in the 4th quarter. Northern Trust Corp now owns 235,099 shares of the company's stock worth $4,258,000 after purchasing an additional 146,111 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BILI. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a research report on Wednesday, May 21st. HSBC reaffirmed a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. Sanford C. Bernstein initiated coverage on Bilibili in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 price objective on the stock. Bank of America increased their price target on Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, Wall Street Zen downgraded shares of Bilibili from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Three research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.79.

Bilibili Trading Up 0.9%

Bilibili stock traded up $0.22 during trading on Wednesday, reaching $24.96. 813,099 shares of the company were exchanged, compared to its average volume of 5,191,718. The company has a market capitalization of $10.43 billion, a P/E ratio of -124.81 and a beta of 0.91. Bilibili Inc. Sponsored ADR has a 52-week low of $12.72 and a 52-week high of $31.77. The stock's 50 day simple moving average is $20.38 and its two-hundred day simple moving average is $19.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36.

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.