Polymer Capital Management HK LTD Sells 31,531 Shares of Bilibili Inc. Sponsored ADR $BILI

Polymer Capital Management HK LTD lowered its stake in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILIFree Report) by 8.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 353,870 shares of the company’s stock after selling 31,531 shares during the quarter. Bilibili accounts for 1.2% of Polymer Capital Management HK LTD’s portfolio, making the stock its 20th biggest position. Polymer Capital Management HK LTD’s holdings in Bilibili were worth $8,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of BILI. JPMorgan Chase & Co. grew its holdings in Bilibili by 25.7% during the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after buying an additional 1,081 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Bilibili by 61.7% during the fourth quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock worth $145,000 after buying an additional 2,247 shares in the last quarter. Bridgewater Advisors Inc. bought a new stake in Bilibili during the fourth quarter worth $175,000. Advisors Asset Management Inc. boosted its position in Bilibili by 26.1% in the fourth quarter. Advisors Asset Management Inc. now owns 8,092 shares of the company’s stock worth $199,000 after purchasing an additional 1,677 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Bilibili in the fourth quarter worth $210,000. Institutional investors own 16.08% of the company’s stock.

Bilibili Stock Down 2.7%

BILI stock opened at $17.86 on Friday. The stock’s fifty day simple moving average is $20.89 and its two-hundred day simple moving average is $25.33. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. Bilibili Inc. Sponsored ADR has a 1-year low of $16.92 and a 1-year high of $36.40. The stock has a market cap of $7.41 billion, a P/E ratio of 39.69 and a beta of 0.71.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen cut Bilibili from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $27.00 to $35.00 in a research report on Tuesday, March 17th. Weiss Ratings cut Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Benchmark reissued a “buy” rating on shares of Bilibili in a research report on Wednesday, May 20th. Finally, Morgan Stanley raised Bilibili from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $25.00 to $31.00 in a research report on Monday, April 13th. Nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.78.

Get Our Latest Research Report on Bilibili

Bilibili Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Bilibili (NASDAQ:BILI)

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