Ethic Inc. Sells 8,877 Shares of Bilibili Inc. (NASDAQ:BILI)

Ethic Inc. decreased its stake in Bilibili Inc. (NASDAQ:BILI) by 24.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 26,907 shares of the company’s stock after selling 8,877 shares during the quarter. Ethic Inc.’s holdings in Bilibili were worth $487,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BILI. Avior Wealth Management LLC grew its holdings in shares of Bilibili by 1,817.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock valued at $27,000 after acquiring an additional 1,436 shares in the last quarter. Federated Hermes Inc. acquired a new stake in Bilibili in the 4th quarter valued at about $55,000. Blue Trust Inc. lifted its stake in Bilibili by 147.8% in 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. lifted its stake in Bilibili by 145.8% in the 4th quarter. Rakuten Securities Inc. now owns 9,124 shares of the company’s stock valued at $165,000 after purchasing an additional 5,412 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Bilibili in the 4th quarter valued at about $200,000. Institutional investors own 16.08% of the company’s stock.

Bilibili Trading Down 2.6%

Shares of BILI stock opened at $17.74 on Friday. The firm has a 50 day moving average price of $18.22 and a two-hundred day moving average price of $18.98. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $7.39 billion, a PE ratio of -39.42 and a beta of 0.93. Bilibili Inc. has a 12-month low of $12.72 and a 12-month high of $31.77.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share 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 the consensus estimate of $1.05 billion. As a group, analysts predict that Bilibili Inc. will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

BILI has been the subject of several recent analyst reports. Nomura Securities downgraded shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays raised their target price on shares of Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Benchmark raised their target price on shares of Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Three research 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.11.

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.