Man Group plc Sells 465,433 Shares of Bilibili Inc. (NASDAQ:BILI)

Man Group plc trimmed its position in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 59.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 317,491 shares of the company's stock after selling 465,433 shares during the period. Man Group plc owned about 0.08% of Bilibili worth $5,750,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BILI. Matthews International Capital Management LLC grew its position in Bilibili by 11.3% during the fourth quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company's stock valued at $6,364,000 after acquiring an additional 35,692 shares during the last quarter. Barclays PLC grew its holdings in shares of Bilibili by 13.5% during the 3rd quarter. Barclays PLC now owns 127,563 shares of the company's stock valued at $2,982,000 after purchasing an additional 15,136 shares during the last quarter. Federated Hermes Inc. purchased a new position in Bilibili in the 4th quarter worth $55,000. Vontobel Holding Ltd. bought a new stake in Bilibili in the fourth quarter worth $340,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Bilibili during the fourth quarter valued at about $200,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Stock Up 3.2%

Shares of Bilibili stock traded up $0.58 during trading on Monday, hitting $18.93. The company's stock had a trading volume of 5,177,248 shares, compared to its average volume of 6,381,027. Bilibili Inc. has a 52 week low of $12.72 and a 52 week high of $31.77. The company has a market capitalization of $7.89 billion, a PE ratio of -42.07 and a beta of 0.93. The company has a fifty day simple moving average of $17.82 and a two-hundred day simple moving average of $18.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.05 billion. Equities research analysts predict that Bilibili Inc. will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays lifted their price objective on Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. HSBC upgraded Bilibili from a "hold" rating to a "buy" rating and raised their price target for the stock from $21.50 to $22.50 in a research report on Wednesday, May 21st. Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a research report on Wednesday, May 21st. Wall Street Zen upgraded shares of Bilibili from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Benchmark raised their target price on Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $21.24.

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.