US Bancorp DE Has $1.03 Million Position in Bilibili Inc. (NASDAQ:BILI)

US Bancorp DE trimmed its position in shares of Bilibili Inc. (NASDAQ:BILI) by 19.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,945 shares of the company’s stock after selling 14,054 shares during the quarter. US Bancorp DE’s holdings in Bilibili were worth $1,031,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BILI. Yong Rong HK Asset Management Ltd grew its stake in shares of Bilibili by 50.0% in the fourth quarter. Yong Rong HK Asset Management Ltd now owns 150,000 shares of the company’s stock worth $2,717,000 after purchasing an additional 50,000 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in Bilibili during the 4th quarter worth about $340,000. Ping Capital Management Inc. lifted its holdings in Bilibili by 75.0% during the 4th quarter. Ping Capital Management Inc. now owns 35,000 shares of the company’s stock worth $634,000 after buying an additional 15,000 shares during the period. Jennison Associates LLC grew its position in shares of Bilibili by 26.4% in the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock valued at $41,386,000 after buying an additional 477,740 shares during the last quarter. Finally, Matthews International Capital Management LLC increased its stake in shares of Bilibili by 11.3% in the fourth quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company’s stock valued at $6,364,000 after buying an additional 35,692 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Nomura Securities lowered Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Mizuho boosted their price target on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark increased their price objective on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Barclays lifted their target price on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.33.

Bilibili Stock Up 8.2 %

BILI stock opened at $24.10 on Monday. The stock’s 50 day simple moving average is $18.65 and its 200 day simple moving average is $19.15. The company has a market cap of $9.99 billion, a P/E ratio of -53.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34. Bilibili Inc. has a fifty-two week low of $10.37 and a fifty-two week high of $31.77.

Bilibili (NASDAQ:BILI) last issued 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. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. On average, research analysts expect that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

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.