Altfest L J & Co. Inc. Has $445,000 Stake in Bilibili Inc. (NASDAQ:BILI)

Altfest L J & Co. Inc. increased its position in shares of Bilibili Inc. (NASDAQ:BILI) by 21.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,579 shares of the company’s stock after buying an additional 6,573 shares during the period. Altfest L J & Co. Inc.’s holdings in Bilibili were worth $445,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Bilibili by 101.8% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 113,167 shares of the company’s stock worth $3,120,000 after acquiring an additional 57,090 shares during the period. Advisor Group Holdings Inc. raised its stake in shares of Bilibili by 39.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,012 shares of the company’s stock valued at $127,000 after buying an additional 1,422 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Bilibili by 382.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock worth $27,000 after acquiring an additional 814 shares during the period. Panagora Asset Management Inc. increased its stake in Bilibili by 11.5% in the first quarter. Panagora Asset Management Inc. now owns 18,894 shares of the company’s stock valued at $483,000 after acquiring an additional 1,942 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Bilibili by 1.3% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 69,000 shares of the company’s stock valued at $1,765,000 after purchasing an additional 900 shares in the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. Barclays cut shares of Bilibili from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $15.00 to $10.00 in a research note on Thursday, November 30th. Nomura lowered Bilibili from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 29th. UBS Group cut Bilibili from a “buy” rating to a “neutral” rating and cut their price target for the company from $22.00 to $13.20 in a report on Monday, December 4th. Finally, Benchmark reduced their target price on shares of Bilibili from $35.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.26.

Bilibili Stock Performance

Shares of BILI stock traded up $0.22 during trading on Thursday, hitting $11.25. The company had a trading volume of 4,969,507 shares, compared to its average volume of 7,356,768. Bilibili Inc. has a one year low of $8.80 and a one year high of $25.56. The firm has a market capitalization of $4.64 billion, a P/E ratio of -6.85 and a beta of 0.98. The stock’s 50-day moving average price is $10.36 and its 200 day moving average price is $11.98.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.