Segantii Capital Management Ltd Buys New Holdings in Bilibili Inc – (NASDAQ:BILI)

Segantii Capital Management Ltd bought a new stake in shares of Bilibili Inc – (NASDAQ:BILI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,778,923 shares of the company’s stock, valued at approximately $90,561,000. Bilibili makes up about 10.6% of Segantii Capital Management Ltd’s portfolio, making the stock its 3rd largest position. Segantii Capital Management Ltd owned about 1.72% of Bilibili as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BILI. Legal & General Group Plc bought a new position in Bilibili in the third quarter worth about $51,000. Freestone Capital Holdings LLC bought a new stake in shares of Bilibili during the fourth quarter valued at approximately $4,386,000. Canada Pension Plan Investment Board bought a new stake in shares of Bilibili during the fourth quarter valued at approximately $73,000. Stifel Financial Corp bought a new stake in shares of Bilibili during the fourth quarter valued at approximately $160,000. Finally, B. Riley Wealth Management Inc. bought a new stake in shares of Bilibili during the third quarter valued at approximately $168,000. Institutional investors own 20.37% of the company’s stock.

Bilibili stock traded up $0.29 during mid-day trading on Friday, hitting $17.78. The company’s stock had a trading volume of 2,228,467 shares, compared to its average volume of 4,840,717. The firm has a market cap of $4.87 billion and a price-to-earnings ratio of -46.79. Bilibili Inc – has a twelve month low of $9.09 and a twelve month high of $22.70.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Wednesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.03. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.06 billion. Bilibili had a negative net margin of 14.84% and a negative return on equity of 16.26%. The business’s revenue for the quarter was up 57.5% on a year-over-year basis. Analysts predict that Bilibili Inc – will post -0.52 EPS for the current fiscal year.

BILI has been the topic of a number of recent analyst reports. ValuEngine raised Bilibili from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Zacks Investment Research cut Bilibili from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Daiwa Capital Markets set a $23.00 price objective on shares of Bilibili and gave the company a “buy” rating in a research note on Friday, March 1st. China Renaissance Securities initiated coverage on shares of Bilibili in a research note on Wednesday, February 27th. They set a “buy” rating on the stock. Finally, Morgan Stanley upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a research note on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $20.00.

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Bilibili 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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