Marshall Wace LLP Sells 32,582,741 Shares of Bilibili Inc. (NASDAQ:BILI)

Marshall Wace LLP reduced its holdings in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 99.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,228 shares of the company's stock after selling 32,582,741 shares during the quarter. Marshall Wace LLP owned 0.05% of Bilibili worth $4,061,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC raised its position in Bilibili by 1,817.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock valued at $27,000 after buying an additional 1,436 shares during the last quarter. Federated Hermes Inc. purchased a new stake in shares of Bilibili in the fourth quarter valued at 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 valued at $58,000 after purchasing an additional 1,896 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in Bilibili by 145.8% during the fourth quarter. Rakuten Securities Inc. now owns 9,124 shares of the company's stock worth $165,000 after purchasing an additional 5,412 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Bilibili in the 4th quarter valued at about $227,000. Institutional investors and hedge funds own 16.08% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BILI. Benchmark upped their target price on Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a report on Friday, February 21st. Barclays raised their target price on Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Nomura Securities downgraded shares of Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bilibili has an average rating of "Moderate Buy" and an average target price of $21.11.

Bilibili Stock Performance

Shares of NASDAQ:BILI traded down $0.05 during trading on Wednesday, hitting $17.50. 1,862,380 shares of the company were exchanged, compared to its average volume of 6,691,461. Bilibili Inc. has a 52-week low of $12.31 and a 52-week high of $31.77. The stock has a 50 day moving average of $18.95 and a 200 day moving average of $19.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. The company has a market cap of $7.29 billion, a PE ratio of -38.89 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.05 billion. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. As a group, equities research analysts predict that Bilibili Inc. will post 0.16 EPS for the current year.

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.