XY Capital Ltd Sells 42,839 Shares of Bilibili Inc. Sponsored ADR $BILI

XY Capital Ltd lowered its stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 25.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 123,541 shares of the company’s stock after selling 42,839 shares during the quarter. Bilibili makes up 1.9% of XY Capital Ltd’s portfolio, making the stock its 12th biggest position. XY Capital Ltd’s holdings in Bilibili were worth $3,038,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Bilibili by 25.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after purchasing an additional 1,081 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Bilibili by 61.7% during the 4th quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock valued at $145,000 after purchasing an additional 2,247 shares during the last quarter. Bridgewater Advisors Inc. purchased a new stake in Bilibili during the 4th quarter valued at $175,000. Advisors Preferred LLC purchased a new stake in Bilibili during the 3rd quarter valued at $213,000. Finally, Compound Planning Inc. purchased a new position in shares of Bilibili in the 3rd quarter worth $224,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of Bilibili stock opened at $18.36 on Friday. Bilibili Inc. Sponsored ADR has a one year low of $16.92 and a one year high of $36.40. The stock’s fifty day moving average is $20.99 and its 200 day moving average is $25.38. The stock has a market cap of $7.61 billion, a P/E ratio of 40.80 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 1.35.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Saturday, May 16th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Bilibili had a return on equity of 10.81% and a net margin of 4.58%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Sell-side analysts anticipate that Bilibili Inc. Sponsored ADR will post 0.61 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BILI shares. Macquarie Infrastructure restated an “outperform” rating and issued a $30.00 price target on shares of Bilibili in a research note on Tuesday, May 19th. Benchmark restated a “buy” rating on shares of Bilibili in a research note on Wednesday, May 20th. Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $27.00 to $35.00 in a research note on Tuesday, March 17th. Finally, Citigroup upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Friday, March 27th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Bilibili presently has an average rating of “Moderate Buy” and an average price target of $30.78.

About Bilibili

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.