Main Management ETF Advisors LLC Decreases Stock Holdings in Bilibili Inc. (NASDAQ:BILI)

Main Management ETF Advisors LLC lowered its holdings in Bilibili Inc. (NASDAQ:BILI) by 8.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 53,400 shares of the company’s stock after selling 4,800 shares during the quarter. Main Management ETF Advisors LLC’s holdings in Bilibili were worth $967,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Jennison Associates LLC increased its holdings in Bilibili by 26.4% in the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock valued at $41,386,000 after purchasing an additional 477,740 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of 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 purchasing an additional 209,963 shares in the last quarter. Trexquant Investment LP boosted its position in shares of 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 period. Jump Financial LLC acquired a new stake in shares of Bilibili in the fourth quarter valued at about $11,584,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Bilibili by 3,328.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company’s stock valued at $11,020,000 after buying an additional 590,763 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Analysts Set New Price Targets

BILI has been the topic of several recent research reports. Barclays boosted their price target on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Benchmark upped 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. Finally, Nomura Securities downgraded shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.11.

Bilibili Price Performance

Shares of BILI stock opened at $18.40 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. Bilibili Inc. has a 1-year low of $12.72 and a 1-year high of $31.77. The firm has a fifty day moving average of $18.49 and a two-hundred day moving average of $19.02. The firm has a market cap of $7.66 billion, a P/E ratio of -40.89 and a beta of 0.93.

Bilibili (NASDAQ:BILI) last announced its quarterly 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. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. As a group, 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.