Two Sigma Investments LP Sells 1,913,014 Shares of Bilibili Inc. (NASDAQ:BILI)

Two Sigma Investments LP lessened its holdings in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 57.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,421,973 shares of the company's stock after selling 1,913,014 shares during the quarter. Two Sigma Investments LP owned 0.34% of Bilibili worth $25,752,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Matthews International Capital Management LLC increased its holdings in shares of Bilibili by 11.3% in the fourth 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 in the last quarter. Barclays PLC grew its position 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 purchasing an additional 15,136 shares during the period. Federated Hermes Inc. bought a new stake in Bilibili during the 4th quarter worth approximately $55,000. Vontobel Holding Ltd. bought a new stake in Bilibili during the 4th quarter worth approximately $340,000. Finally, Dimensional Fund Advisors LP acquired a new stake in Bilibili during the 4th quarter worth approximately $200,000. 16.08% of the stock is currently owned by institutional investors.

Bilibili Stock Performance

BILI opened at $18.22 on Thursday. Bilibili Inc. has a 52-week low of $12.72 and a 52-week high of $31.77. The firm has a market capitalization of $7.59 billion, a PE ratio of -40.49 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34. The business's 50-day simple moving average is $17.95 and its 200 day simple moving average is $18.87.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. As a group, sell-side analysts expect that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BILI. Benchmark upped their price target on shares of Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a report on Friday, February 21st. Nomura Securities lowered shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. HSBC upgraded Bilibili from a "hold" rating to a "buy" rating and increased their target price for the stock from $21.50 to $22.50 in a report on Wednesday. Finally, Barclays boosted their price target on Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.24.

Bilibili Company 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.

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