AdvisorShares Investments LLC Has $260,000 Stock Position in Bilibili Inc. (NASDAQ:BILI)

AdvisorShares Investments LLC lessened its holdings in Bilibili Inc. (NASDAQ:BILI) by 25.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,348 shares of the company’s stock after selling 5,000 shares during the quarter. AdvisorShares Investments LLC’s holdings in Bilibili were worth $260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC boosted its stake in Bilibili by 1,817.7% in the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock valued at $27,000 after buying an additional 1,436 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of Bilibili in the 4th quarter valued at approximately $55,000. Blue Trust Inc. grew its holdings in shares of Bilibili by 147.8% during the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock valued at $58,000 after purchasing an additional 1,896 shares during the last quarter. Rakuten Securities Inc. increased its position in Bilibili by 145.8% during the 4th quarter. Rakuten Securities Inc. now owns 9,124 shares of the company’s stock worth $165,000 after purchasing an additional 5,412 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in Bilibili in the 4th quarter valued at approximately $200,000. Institutional investors own 16.08% of the company’s stock.

Bilibili Stock Up 1.6 %

Bilibili stock opened at $17.55 on Wednesday. The firm has a 50 day moving average price of $19.06 and a two-hundred day moving average price of $19.18. 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 Inc. has a 52-week low of $12.31 and a 52-week high of $31.77. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of -39.00 and a beta of 0.95.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Equities analysts predict that Bilibili Inc. will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays upped their price target on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Benchmark increased their target price on Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Nomura Securities cut Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Bilibili has a consensus rating of “Moderate Buy” and an average target price of $21.11.

Bilibili 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.