TB Alternative Assets Ltd. Lowers Stake in Bilibili Inc. (NASDAQ:BILI)

TB Alternative Assets Ltd. trimmed its holdings in Bilibili Inc. (NASDAQ:BILI) by 21.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 95,683 shares of the company’s stock after selling 25,424 shares during the period. TB Alternative Assets Ltd.’s holdings in Bilibili were worth $1,733,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Signaturefd LLC increased its position in Bilibili by 6.5% in the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after acquiring an additional 598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Bilibili by 26.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after purchasing an additional 735 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after purchasing an additional 891 shares during the period. Creative Planning raised its stake in shares of Bilibili by 6.7% during the second quarter. Creative Planning now owns 25,819 shares of the company’s stock worth $399,000 after purchasing an additional 1,632 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Bilibili by 10.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock worth $272,000 after purchasing an additional 1,650 shares during the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays boosted their price objective on shares of Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Bank of America boosted their price target on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research note on Friday, October 25th. Morgan Stanley started coverage on shares of Bilibili in a research report on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 price objective for the company. Benchmark boosted their target price on Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.69.

Bilibili Trading Up 2.9 %

BILI opened at $17.47 on Tuesday. Bilibili Inc. has a one year low of $8.80 and a one year high of $31.77. The business’s fifty day moving average is $18.71 and its two-hundred day moving average is $18.14.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, November 14th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same period in the previous year, the firm earned ($0.39) EPS. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. Analysts forecast that Bilibili Inc. will post -0.27 earnings per share for the current fiscal year.

Bilibili Company 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.