Bilibili Inc – (NASDAQ:BILI) Shares Sold by Segantii Capital Management Ltd

Segantii Capital Management Ltd lessened its position in Bilibili Inc – (NASDAQ:BILI) by 99.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,838 shares of the company’s stock after selling 4,745,085 shares during the period. Segantii Capital Management Ltd’s holdings in Bilibili were worth $551,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Ocean Arete Ltd. bought a new position in Bilibili during the second quarter valued at approximately $3,674,000. NEXT Financial Group Inc raised its position in Bilibili by 100.0% during the second quarter. NEXT Financial Group Inc now owns 5,000 shares of the company’s stock valued at $81,000 after acquiring an additional 2,500 shares in the last quarter. BRILLIANCE ASSET MANAGEMENT Ltd raised its position in Bilibili by 1,670.4% during the second quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 3,040,549 shares of the company’s stock valued at $49,469,000 after acquiring an additional 2,868,810 shares in the last quarter. WT Asset Management Ltd raised its position in Bilibili by 36.9% during the first quarter. WT Asset Management Ltd now owns 246,400 shares of the company’s stock valued at $7,683,000 after acquiring an additional 66,400 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. bought a new position in Bilibili during the first quarter valued at approximately $569,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

BILI stock traded down $0.03 during midday trading on Friday, hitting $14.72. 2,138,421 shares of the company traded hands, compared to its average volume of 1,880,398. Bilibili Inc – has a twelve month low of $9.09 and a twelve month high of $21.50. The firm’s 50 day simple moving average is $15.83. The company has a market cap of $4.22 billion, a PE ratio of -38.74 and a beta of 1.80.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Monday, May 13th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.07. Bilibili had a negative return on equity of 11.13% and a negative net margin of 14.65%. The company had revenue of $203.54 million for the quarter, compared to the consensus estimate of $192.60 million. Equities analysts forecast that Bilibili Inc – will post -0.57 EPS for the current year.

Several equities analysts recently weighed in on the stock. ValuEngine lowered shares of Bilibili from a “buy” rating to a “hold” rating in a research report on Thursday. 86 Research raised shares of Bilibili to a “buy” rating and set a $19.00 price objective on the stock in a research report on Friday, May 17th. Zacks Investment Research raised shares of Bilibili from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective on the stock in a research report on Friday. Finally, UBS Group assumed coverage on shares of Bilibili in a research report on Wednesday, April 10th. They set a “buy” rating and a $23.00 price objective on the stock. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.50.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.

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Institutional Ownership by Quarter for Bilibili (NASDAQ:BILI)

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