Bilibili Inc. (NASDAQ:BILI) Shares Sold by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD cut its position in shares of Bilibili Inc. (NASDAQ:BILI) by 20.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 490,957 shares of the company’s stock after selling 129,193 shares during the quarter. Bilibili accounts for 1.5% of Polymer Capital Management HK LTD’s portfolio, making the stock its 17th largest position. Polymer Capital Management HK LTD owned about 0.12% of Bilibili worth $8,891,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Jennison Associates LLC raised its position in Bilibili by 26.4% in the fourth quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock worth $41,386,000 after acquiring an additional 477,740 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Bilibili by 14,710.1% in the 3rd quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock worth $41,205,000 after purchasing an additional 1,750,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Bilibili by 16.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company’s stock worth $27,240,000 after buying an additional 209,963 shares in the last quarter. Trexquant Investment LP grew its position in Bilibili by 9.3% in the fourth quarter. Trexquant Investment LP now owns 754,875 shares of the company’s stock worth $13,671,000 after buying an additional 63,960 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Bilibili by 3,328.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company’s stock worth $11,020,000 after buying an additional 590,763 shares during the last quarter. Institutional investors own 16.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BILI shares. Benchmark raised their price objective on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Barclays lifted their price target on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Nomura Securities lowered shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.11.

Bilibili Stock Performance

BILI stock opened at $16.55 on Friday. The firm has a 50 day simple moving average of $19.92 and a 200 day simple moving average of $19.89. Bilibili Inc. has a 52 week low of $10.84 and a 52 week high of $31.77. The stock has a market cap of $6.86 billion, a P/E ratio of -36.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34.

Bilibili (NASDAQ:BILI) last issued its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. Research analysts anticipate that Bilibili Inc. will post 0.16 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.