CIBC World Markets Inc. cut its stake in Bilibili Inc. (NASDAQ:BILI) by 45.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 15,214 shares of the company’s stock after selling 12,515 shares during the period. CIBC World Markets Inc.’s holdings in Bilibili were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of BILI. Vontobel Holding Ltd. increased its holdings in shares of Bilibili by 340.6% during the first quarter. Vontobel Holding Ltd. now owns 21,156 shares of the company’s stock valued at $2,265,000 after purchasing an additional 16,354 shares during the period. Banque Cantonale Vaudoise increased its holdings in shares of Bilibili by 76.5% during the first quarter. Banque Cantonale Vaudoise now owns 10,467 shares of the company’s stock valued at $1,120,000 after purchasing an additional 4,538 shares during the period. Artisan Partners Limited Partnership acquired a new position in shares of Bilibili during the first quarter valued at $310,069,000. Jennison Associates LLC increased its holdings in shares of Bilibili by 975.2% during the first quarter. Jennison Associates LLC now owns 1,060,393 shares of the company’s stock valued at $113,526,000 after purchasing an additional 961,774 shares during the period. Finally, GAM Holding AG acquired a new position in shares of Bilibili during the first quarter valued at $1,542,000. 47.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Bilibili stock opened at $111.41 on Friday. The business has a 50-day simple moving average of $105.85. The stock has a market cap of $34.75 billion, a P/E ratio of -77.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.18 and a current ratio of 4.18. Bilibili Inc. has a 1 year low of $34.29 and a 1 year high of $157.66.
Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Wednesday, May 12th. The company reported ($1.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($1.45). The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Bilibili had a negative return on equity of 26.89% and a negative net margin of 24.93%. The firm’s revenue was up 68.5% on a year-over-year basis. During the same period in the prior year, the company posted ($1.43) earnings per share. Research analysts forecast that Bilibili Inc. will post -1.99 earnings per share for the current year.
BILI has been the topic of a number of research analyst reports. Zacks Investment Research lowered Bilibili from a “hold” rating to a “sell” rating in a report on Tuesday, May 25th. 86 Research raised Bilibili from a “hold” rating to a “buy” rating and decreased their target price for the company from $103.00 to $100.00 in a research note on Friday, May 14th. Credit Suisse Group raised Bilibili from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a research note on Thursday, April 8th. CLSA assumed coverage on Bilibili in a research note on Monday, April 19th. They set a “buy” rating and a $128.00 target price for the company. Finally, New Street Research assumed coverage on Bilibili in a research note on Wednesday, March 10th. They set a “buy” rating and a $140.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Bilibili presently has an average rating of “Buy” and an average price target of $88.56.
About Bilibili
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, and live broadcasting.
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