Bilibili Inc. (NASDAQ:BILI) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its position in Bilibili Inc. (NASDAQ:BILI - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 999,670 shares of the company's stock after selling 29,793 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.24% of Bilibili worth $18,105,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BILI. Dimensional Fund Advisors LP bought a new position in Bilibili during the 4th quarter valued at about $200,000. Jump Financial LLC purchased a new stake in shares of Bilibili in the fourth quarter worth $11,584,000. XTX Topco Ltd bought a new stake in Bilibili during the fourth quarter valued at about $227,000. Mariner LLC lifted its holdings in Bilibili by 8.8% in the 4th quarter. Mariner LLC now owns 24,787 shares of the company's stock worth $449,000 after purchasing an additional 1,997 shares in the last quarter. Finally, Barclays PLC grew its stake in Bilibili by 7.4% during the fourth quarter. Barclays PLC now owns 137,022 shares of the company's stock valued at $2,481,000 after acquiring an additional 9,459 shares in the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Stock Up 3.2 %

Shares of BILI traded up $0.57 during midday trading on Friday, reaching $18.13. 2,511,453 shares of the stock were exchanged, compared to its average volume of 6,615,406. The company has a market capitalization of $7.55 billion, a P/E ratio of -40.29 and a beta of 0.93. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. Bilibili Inc. has a 52 week low of $12.72 and a 52 week high of $31.77. The company's 50 day moving average is $18.83 and its two-hundred day moving average is $19.11.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.05 billion. On average, sell-side analysts anticipate that Bilibili Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

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