Yong Rong HK Asset Management Ltd Purchases 50,000 Shares of Bilibili Inc. (NASDAQ:BILI)

Yong Rong HK Asset Management Ltd boosted its stake in Bilibili Inc. (NASDAQ:BILI) by 50.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 150,000 shares of the company’s stock after buying an additional 50,000 shares during the period. Bilibili accounts for about 1.2% of Yong Rong HK Asset Management Ltd’s investment portfolio, making the stock its 11th largest holding. Yong Rong HK Asset Management Ltd’s holdings in Bilibili were worth $2,717,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Blue Trust Inc. grew its position in shares of Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after buying an additional 891 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Bilibili by 1,817.7% in the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after acquiring an additional 1,436 shares during the period. TD Private Client Wealth LLC bought a new stake in Bilibili in the third quarter valued at approximately $53,000. Venturi Wealth Management LLC acquired a new stake in Bilibili during the 3rd quarter valued at approximately $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Bilibili by 26.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock worth $82,000 after buying an additional 735 shares during the last quarter. 16.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

BILI has been the topic of a number of recent analyst reports. Barclays boosted their price objective on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday. Mizuho boosted their price target on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Benchmark increased their target price on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.33.

Bilibili Price Performance

Shares of NASDAQ BILI opened at $22.82 on Friday. The company has a 50-day moving average price of $18.27 and a 200-day moving average price of $18.60. The stock has a market capitalization of $9.46 billion, a P/E ratio of -50.71 and a beta of 0.81. Bilibili Inc. has a 1 year low of $9.63 and a 1 year high of $31.77.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.28%. As a group, equities research analysts anticipate that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

About Bilibili

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.