Invesco Ltd. Sells 191,604 Shares of Bilibili Inc. (NASDAQ:BILI)

Invesco Ltd. reduced its holdings in Bilibili Inc. (NASDAQ:BILI - Free Report) by 35.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,049 shares of the company's stock after selling 191,604 shares during the quarter. Invesco Ltd. owned approximately 0.09% of Bilibili worth $6,430,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BILI. Avior Wealth Management LLC grew its holdings in shares of Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock worth $27,000 after purchasing an additional 1,436 shares during the last quarter. Federated Hermes Inc. bought a new position in shares of Bilibili in the fourth quarter worth about $55,000. Blue Trust Inc. lifted its position in shares of Bilibili by 147.8% during the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company's stock worth $58,000 after purchasing an additional 1,896 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of Bilibili by 145.8% during the fourth quarter. Rakuten Securities Inc. now owns 9,124 shares of the company's stock valued at $165,000 after purchasing an additional 5,412 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Bilibili by 40.6% in the fourth quarter. LPL Financial LLC now owns 18,638 shares of the company's stock valued at $338,000 after purchasing an additional 5,386 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Trading Up 0.4 %

NASDAQ:BILI traded up $0.07 on Thursday, reaching $17.57. The company's stock had a trading volume of 374,778 shares, compared to its average volume of 6,666,953. 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 moving average price is $18.95 and its two-hundred day moving average price is $19.17. Bilibili Inc. has a 1-year low of $12.31 and a 1-year high of $31.77. The firm has a market cap of $7.32 billion, a PE ratio of -39.06 and a beta of 0.95.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS 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 analyst estimates of $1.05 billion. Equities research analysts anticipate that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Nomura Securities lowered Bilibili from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Barclays lifted 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. Finally, Benchmark upped their target price on shares of Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.11.

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.