Bilibili Inc. (NASDAQ:BILI) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its position in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 57.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,421,973 shares of the company's stock after selling 1,913,014 shares during the period. Two Sigma Investments LP owned about 0.34% of Bilibili worth $25,752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC increased its holdings in shares of Bilibili by 13.5% in the 3rd quarter. Barclays PLC now owns 127,563 shares of the company's stock valued at $2,982,000 after acquiring an additional 15,136 shares during the period. Avior Wealth Management LLC lifted its position in 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 period. Blue Trust Inc. lifted its position in 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 period. Matthews International Capital Management LLC lifted its position in Bilibili by 11.3% during the 4th quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company's stock worth $6,364,000 after acquiring an additional 35,692 shares during the period. Finally, Jennison Associates LLC lifted its position in Bilibili by 26.4% during the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company's stock worth $41,386,000 after acquiring an additional 477,740 shares during the period. 16.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BILI shares. Nomura Securities cut Bilibili from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Wall Street Zen raised Bilibili from a "hold" rating to a "buy" rating in a research report on Saturday. Barclays lifted their price target on Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Benchmark lifted their price target on Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Hsbc Global Res raised Bilibili to a "strong-buy" rating in a research report on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.24.

Bilibili Stock Performance

Shares of NASDAQ:BILI traded up $0.62 during trading on Tuesday, hitting $19.56. 2,009,623 shares of the stock traded hands, compared to its average volume of 6,364,491. 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 company has a market cap of $8.15 billion, a price-to-earnings ratio of -43.50 and a beta of 0.93. The company has a fifty day moving average price of $17.77 and a two-hundred day moving average price of $18.73. Bilibili Inc. has a 52-week low of $12.72 and a 52-week high of $31.77.

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.