Bilibili Inc – (NASDAQ:BILI) Shares Sold by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. lowered its holdings in shares of Bilibili Inc – (NASDAQ:BILI) by 58.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,667,182 shares of the company’s stock after selling 2,298,800 shares during the period. Bilibili comprises about 3.5% of TB Alternative Assets Ltd.’s holdings, making the stock its 6th biggest position. TB Alternative Assets Ltd.’s holdings in Bilibili were worth $27,125,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Joseph P. Lucia & Associates LLC acquired a new position in Bilibili in the 1st quarter worth about $35,000. Stifel Financial Corp acquired a new position in Bilibili in the 4th quarter worth about $160,000. Raymond James Financial Services Advisors Inc. acquired a new position in Bilibili in the 4th quarter worth about $185,000. BNP Paribas Arbitrage SA increased its holdings in Bilibili by 18.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 14,339 shares of the company’s stock worth $272,000 after purchasing an additional 2,278 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Bilibili by 5.7% in the 1st quarter. Bank of Montreal Can now owns 15,829 shares of the company’s stock worth $299,000 after purchasing an additional 857 shares in the last quarter. 24.78% of the stock is owned by institutional investors.

Shares of NASDAQ BILI traded up $0.24 during trading on Thursday, reaching $15.39. The company had a trading volume of 32,587 shares, compared to its average volume of 1,798,123. The company has a fifty day simple moving average of $15.82. Bilibili Inc – has a 12 month low of $9.09 and a 12 month high of $21.50. The company has a market cap of $4.25 billion, a PE ratio of -40.63 and a beta of 1.81.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $203.54 million for the quarter, compared to analyst estimates of $192.60 million. On average, equities analysts expect that Bilibili Inc – will post -0.61 earnings per share for the current fiscal year.

BILI has been the subject of a number of recent research reports. UBS Group initiated coverage on Bilibili in a report on Wednesday, April 10th. They issued a “buy” rating and a $23.00 target price for the company. Zacks Investment Research lowered Bilibili from a “buy” rating to a “hold” rating in a research report on Monday. 86 Research upgraded Bilibili to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, May 17th. Finally, ValuEngine upgraded Bilibili from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $19.63.

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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