B. Riley Wealth Management Inc. lessened its holdings in Bilibili Inc – (NASDAQ:BILI) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,975 shares of the company’s stock after selling 1,500 shares during the quarter. B. Riley Wealth Management Inc.’s holdings in Bilibili were worth $160,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. SG Americas Securities LLC increased its position in shares of Bilibili by 242.7% in the third quarter. SG Americas Securities LLC now owns 89,371 shares of the company’s stock valued at $1,205,000 after acquiring an additional 63,291 shares during the period. FMR LLC purchased a new position in shares of Bilibili in the third quarter valued at about $2,191,000. Hsbc Holdings PLC purchased a new position in shares of Bilibili in the third quarter valued at about $2,801,000. First Foundation Advisors purchased a new position in shares of Bilibili in the third quarter valued at about $1,011,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Bilibili in the third quarter valued at about $3,586,000. Institutional investors own 20.29% of the company’s stock.
A number of equities analysts have issued reports on the stock. Daiwa Capital Markets assumed coverage on shares of Bilibili in a research report on Monday, January 14th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered shares of Bilibili from a “hold” rating to a “sell” rating in a research note on Friday, December 28th. JPMorgan Chase & Co. lowered shares of Bilibili from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $17.00 to $20.00 in a research note on Friday, March 1st. Citigroup initiated coverage on shares of Bilibili in a research note on Thursday, January 31st. They set a “buy” rating and a $22.00 price objective on the stock. Finally, UBS Group initiated coverage on shares of Bilibili in a research note on Wednesday, April 10th. They set a “buy” rating and a $23.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $20.00.
Bilibili (NASDAQ:BILI) last issued its earnings results on Wednesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.03. Bilibili had a negative net margin of 14.84% and a negative return on equity of 16.26%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.06 billion. The business’s quarterly revenue was up 57.5% on a year-over-year basis. As a group, equities research analysts forecast that Bilibili Inc – will post -0.52 earnings per share for the current year.
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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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