Signaturefd LLC Sells 2,251 Shares of Bilibili Inc. (NASDAQ:BILI)

Signaturefd LLC trimmed its holdings in shares of Bilibili Inc. (NASDAQ:BILI) by 9.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,258 shares of the company’s stock after selling 2,251 shares during the period. Signaturefd LLC’s holdings in Bilibili were worth $271,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in BILI. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bilibili in the third quarter worth about $3,043,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Bilibili by 30.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 687,069 shares of the company’s stock worth $9,461,000 after buying an additional 161,396 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Bilibili by 3.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company’s stock worth $52,191,000 after buying an additional 143,881 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in Bilibili by 71.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 288,649 shares of the company’s stock valued at $3,972,000 after buying an additional 120,000 shares in the last quarter. Finally, XY Capital Ltd acquired a new stake in Bilibili in the 3rd quarter valued at $1,488,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. Citigroup cut shares of Bilibili from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $18.00 to $12.50 in a research note on Monday, March 11th. Mizuho dropped their price objective on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. raised Bilibili from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $10.00 to $11.00 in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.26.

Bilibili Trading Up 5.0 %

Shares of BILI stock opened at $13.12 on Friday. Bilibili Inc. has a 1 year low of $8.80 and a 1 year high of $20.56. The firm’s 50 day moving average is $11.19 and its 200-day moving average is $11.68. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of -8.00 and a beta of 0.99.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The firm had revenue of $881.13 million for the quarter, compared to analyst estimates of $891.61 million. Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. On average, equities research analysts forecast that Bilibili Inc. will post -0.55 earnings per share for the current fiscal year.

Bilibili Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.