Bilibili Inc. (NASDAQ:BILI) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its stake in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 74.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,721 shares of the company's stock after selling 53,494 shares during the quarter. Hsbc Holdings PLC's holdings in Bilibili were worth $340,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings in Bilibili by 26.4% during the fourth 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. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Bilibili by 16.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company's stock worth $27,240,000 after purchasing an additional 209,963 shares in the last quarter. Trexquant Investment LP lifted its stake in Bilibili by 9.3% in the fourth quarter. Trexquant Investment LP now owns 754,875 shares of the company's stock valued at $13,671,000 after buying an additional 63,960 shares during the period. Jump Financial LLC bought a new stake in shares of Bilibili in the fourth quarter worth about $11,584,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Bilibili by 3,328.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company's stock worth $11,020,000 after acquiring an additional 590,763 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Stock Performance

BILI traded down $0.19 during mid-day trading on Wednesday, reaching $18.21. 1,305,223 shares of the company traded hands, compared to its average volume of 6,429,153. The stock has a market capitalization of $7.59 billion, a P/E ratio of -40.48 and a beta of 0.93. 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's fifty day moving average price is $18.42 and its 200-day moving average price is $19.01. Bilibili Inc. has a 52-week low of $12.72 and a 52-week high of $31.77.

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, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. On average, sell-side analysts expect that Bilibili Inc. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BILI shares. Nomura Securities downgraded Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Benchmark raised their price objective on Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Barclays boosted their price objective on Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.11.

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.