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.
See Also: Why Dividend Stocks May Be Right for You
Want to see what other hedge funds are holding BILI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bilibili Inc – (NASDAQ:BILI).
Receive News & Ratings for Bilibili Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bilibili and related companies with MarketBeat.com's FREE daily email newsletter.