Bilibili Inc. (NASDAQ:BILI) Shares Sold by Old Well Partners LLC

Old Well Partners LLC reduced its stake in Bilibili Inc. (NASDAQ:BILI) by 7.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 198,690 shares of the company’s stock after selling 16,387 shares during the quarter. Bilibili accounts for 2.3% of Old Well Partners LLC’s investment portfolio, making the stock its 19th largest position. Old Well Partners LLC’s holdings in Bilibili were worth $2,418,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in BILI. Mizuho Securities Co. Ltd. acquired a new position in Bilibili in the 4th quarter valued at about $55,000. Parallel Advisors LLC lifted its holdings in Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after buying an additional 1,734 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Bilibili by 349.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock valued at $82,000 after buying an additional 5,210 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Bilibili by 29.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock worth $85,000 after acquiring an additional 1,569 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Bilibili during the fourth quarter worth $100,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Analyst Ratings Changes

BILI has been the subject of several analyst reports. Mizuho boosted their target price on Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. raised shares of Bilibili from an “underweight” rating to a “neutral” rating and raised their target price for the company from $10.00 to $11.00 in a report on Monday, March 11th. Benchmark increased their price objective on shares of Bilibili from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Citigroup downgraded Bilibili from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $12.50 in a report on Monday, March 11th. Finally, Barclays raised Bilibili from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $10.00 to $14.00 in a report on Friday, May 24th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.79.

Bilibili Stock Performance

Shares of NASDAQ:BILI opened at $14.73 on Friday. Bilibili Inc. has a one year low of $8.80 and a one year high of $19.15. The company has a 50-day simple moving average of $13.72 and a 200-day simple moving average of $11.86. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of -8.82 and a beta of 0.89.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, May 23rd. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.02. Bilibili had a negative return on equity of 26.62% and a negative net margin of 21.41%. The business had revenue of $791.16 million during the quarter, compared to analysts’ expectations of $775.06 million. As a group, research analysts forecast that Bilibili Inc. will post -0.5 EPS for the current fiscal 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.