Polymer Capital Management HK LTD Sells 31,531 Shares of Bilibili Inc. Sponsored ADR $BILI

Polymer Capital Management HK LTD reduced its holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 353,870 shares of the company’s stock after selling 31,531 shares during the quarter. Bilibili comprises 1.2% of Polymer Capital Management HK LTD’s holdings, making the stock its 20th largest holding. Polymer Capital Management HK LTD owned 0.08% of Bilibili worth $8,702,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Bilibili by 25.7% in the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after purchasing an additional 1,081 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Bilibili by 61.7% in the fourth quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock worth $145,000 after purchasing an additional 2,247 shares in the last quarter. Bridgewater Advisors Inc. bought a new stake in Bilibili in the fourth quarter worth approximately $175,000. Advisors Preferred LLC bought a new stake in Bilibili in the third quarter worth approximately $213,000. Finally, Compound Planning Inc. bought a new stake in Bilibili in the third quarter worth approximately $224,000. 16.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BILI. Benchmark reiterated a “buy” rating on shares of Bilibili in a report on Wednesday, May 20th. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $27.00 to $35.00 in a report on Tuesday, March 17th. Weiss Ratings downgraded Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Citigroup upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a report on Friday, March 27th. Finally, Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Bilibili currently has an average rating of “Moderate Buy” and an average price target of $30.78.

Bilibili Trading Down 2.7%

NASDAQ BILI opened at $17.86 on Friday. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 39.69 and a beta of 0.71. Bilibili Inc. Sponsored ADR has a 52 week low of $16.92 and a 52 week high of $36.40. The business has a 50 day moving average price of $20.89 and a 200-day moving average price of $25.33. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.30.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Saturday, May 16th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Bilibili had a return on equity of 10.81% and a net margin of 4.58%.The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 earnings per share. As a group, equities analysts expect that Bilibili Inc. Sponsored ADR will post 0.61 earnings per share for the current fiscal year.

Bilibili Profile

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.