Matthews International Capital Management LLC lowered its position in Bilibili Inc – (NASDAQ:BILI) by 14.6% in the 1st quarter, Holdings Channel reports. The fund owned 332,800 shares of the company’s stock after selling 56,900 shares during the period. Bilibili accounts for about 0.3% of Matthews International Capital Management LLC’s holdings, making the stock its 28th biggest position. Matthews International Capital Management LLC’s holdings in Bilibili were worth $6,307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Segantii Capital Management Ltd purchased a new stake in Bilibili in the 1st quarter worth about $90,561,000. TB Alternative Assets Ltd. increased its holdings in shares of Bilibili by 16.1% in the 1st quarter. TB Alternative Assets Ltd. now owns 3,965,982 shares of the company’s stock valued at $75,155,000 after acquiring an additional 549,891 shares during the period. Yiheng Capital LLC increased its holdings in shares of Bilibili by 49.5% in the 4th quarter. Yiheng Capital LLC now owns 2,510,714 shares of the company’s stock valued at $36,631,000 after acquiring an additional 831,603 shares during the period. Hillhouse Capital Advisors Ltd. purchased a new position in shares of Bilibili in the 4th quarter valued at $31,776,000. Finally, BlackRock Inc. increased its holdings in shares of Bilibili by 31.4% in the 4th quarter. BlackRock Inc. now owns 1,921,432 shares of the company’s stock valued at $28,034,000 after acquiring an additional 458,999 shares during the period. 21.01% of the stock is owned by institutional investors.

Shares of Bilibili stock traded up $0.04 during trading on Wednesday, reaching $15.43. The company’s stock had a trading volume of 58,452 shares, compared to its average volume of 3,426,187. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of -40.74 and a beta of 1.22. Bilibili Inc – has a 1-year low of $9.09 and a 1-year high of $22.70.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.07. The firm had revenue of $203.54 million during the quarter, compared to analysts’ expectations of $192.60 million. Bilibili had a negative return on equity of 11.69% and a negative net margin of 14.65%. As a group, equities research analysts forecast that Bilibili Inc – will post -0.52 EPS for the current year.

A number of research analysts have recently issued reports on the company. UBS Group assumed coverage on Bilibili in a report on Wednesday, April 10th. They issued a “buy” rating and a $23.00 price target on the stock. Daiwa Capital Markets set a $23.00 price target on Bilibili and gave the company a “buy” rating in a report on Friday, March 1st. ValuEngine upgraded Bilibili from a “hold” rating to a “buy” rating in a report on Friday, March 1st. JPMorgan Chase & Co. downgraded Bilibili from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $17.00 to $20.00 in a report on Friday, March 1st. Finally, China Renaissance Securities started coverage on Bilibili in a report on Wednesday, February 27th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.00.

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Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.

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Institutional Ownership by Quarter for Bilibili (NASDAQ:BILI)

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