Allspring Global Investments Holdings LLC decreased its holdings in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,463,401 shares of the company's stock after selling 115,401 shares during the period. Allspring Global Investments Holdings LLC owned about 1.08% of Bilibili worth $54,320,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Artisan Partners Limited Partnership lifted its holdings in shares of Bilibili by 3.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company's stock worth $52,191,000 after purchasing an additional 143,881 shares during the last quarter. Morgan Stanley lifted its stake in Bilibili by 47.6% in the third quarter. Morgan Stanley now owns 3,174,384 shares of the company's stock valued at $43,711,000 after buying an additional 1,023,650 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Bilibili by 184.3% during the first quarter. Renaissance Technologies LLC now owns 2,076,066 shares of the company's stock valued at $48,788,000 after acquiring an additional 1,345,900 shares during the period. First Beijing Investment Ltd bought a new position in shares of Bilibili during the second quarter worth about $29,929,000. Finally, Bridgewater Associates LP increased its holdings in shares of Bilibili by 48.6% in the 1st quarter. Bridgewater Associates LP now owns 1,099,588 shares of the company's stock worth $28,127,000 after acquiring an additional 359,842 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Mizuho decreased their target price on shares of Bilibili from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, January 17th. JPMorgan Chase & Co. raised Bilibili from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $10.00 to $11.00 in a research note on Monday, March 11th. Daiwa Capital Markets cut shares of Bilibili from a "buy" rating to a "neutral" rating in a research note on Friday, January 19th. Finally, Citigroup downgraded shares of Bilibili from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $18.00 to $12.50 in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $15.26.
View Our Latest Research Report on Bilibili
Bilibili Stock Up 4.7 %
Bilibili stock traded up $0.55 during midday trading on Thursday, hitting $12.23. The company's stock had a trading volume of 6,163,267 shares, compared to its average volume of 7,138,006. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $21.92. The stock's 50-day moving average price is $10.78 and its 200-day moving average price is $11.82. The company has a market capitalization of $5.04 billion, a PE ratio of -7.46 and a beta of 0.99.
Bilibili (NASDAQ:BILI - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.03). The business had revenue of $881.13 million during the quarter, compared to the consensus estimate of $891.61 million. Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. As a group, equities analysts anticipate that Bilibili Inc. will post -0.49 EPS for the current year.
Bilibili Profile
(Free Report)
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.
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