Tower Research Capital LLC TRC Cuts Holdings in Bilibili Inc. (NASDAQ:BILI)

Tower Research Capital LLC TRC lowered its stake in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 55.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,759 shares of the company's stock after selling 20,789 shares during the quarter. Tower Research Capital LLC TRC's holdings in Bilibili were worth $304,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Avior Wealth Management LLC grew its position in Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock valued at $27,000 after acquiring an additional 1,436 shares during the last quarter. Federated Hermes Inc. bought a new position in shares of Bilibili during the 4th quarter valued at $55,000. Blue Trust Inc. raised its position in Bilibili by 147.8% in the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company's stock worth $58,000 after purchasing an additional 1,896 shares during the period. Rakuten Securities Inc. lifted its stake in Bilibili by 145.8% in 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, Dimensional Fund Advisors LP purchased a new stake in Bilibili during the fourth quarter valued at about $200,000. 16.08% of the stock is owned by institutional investors.

Bilibili Trading Up 3.2 %

Shares of BILI opened at $18.13 on Friday. Bilibili Inc. has a 1-year low of $12.72 and a 1-year high of $31.77. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The firm's 50-day moving average price is $18.83 and its 200-day moving average price is $19.12. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of -40.29 and a beta of 0.95.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BILI. Nomura Securities lowered Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Barclays increased their price objective on Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Benchmark raised their price target on shares of Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Three 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.11.

Bilibili 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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