Bilibili Inc. (NASDAQ:BILI) Stock Position Decreased by Handelsbanken Fonder AB

Posted by on May 5th, 2023

Handelsbanken Fonder AB lessened its holdings in Bilibili Inc. (NASDAQ:BILI – Get Rating) by 34.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,658 shares of the company’s stock after selling 25,642 shares during the period. Handelsbanken Fonder AB’s holdings in Bilibili were worth $1,153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Profund Advisors LLC boosted its position in shares of Bilibili by 12.9% in the third quarter. Profund Advisors LLC now owns 36,896 shares of the company’s stock worth $565,000 after buying an additional 4,208 shares during the period. Van ECK Associates Corp raised its holdings in shares of Bilibili by 13.3% during the third quarter. Van ECK Associates Corp now owns 1,138,542 shares of the company’s stock worth $17,442,000 after acquiring an additional 133,751 shares in the last quarter. Maven Securities LTD purchased a new stake in shares of Bilibili during the third quarter worth $181,000. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Bilibili by 57.9% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 287,558 shares of the company’s stock worth $4,405,000 after acquiring an additional 105,484 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in shares of Bilibili during the fourth quarter worth $404,000. Institutional investors and hedge funds own 20.27% of the company’s stock.

Analysts Set New Price Targets

BILI has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and set a $35.00 price objective on shares of Bilibili in a report on Friday, March 3rd. The Goldman Sachs Group increased their price objective on Bilibili from $22.20 to $25.30 and gave the stock a “neutral” rating in a report on Monday, January 9th. Finally, Citigroup upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Friday, March 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.28.

Bilibili Trading Up 4.0 %

Bilibili stock opened at $19.88 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 1.43. The business’s 50-day simple moving average is $21.39 and its 200-day simple moving average is $20.42. The firm has a market capitalization of $7.77 billion, a PE ratio of -7.00 and a beta of 1.10. Bilibili Inc. has a 52 week low of $8.23 and a 52 week high of $30.35.

Bilibili (NASDAQ:BILI – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.05. The business had revenue of $890.58 million for the quarter, compared to analyst estimates of $887.96 million. Bilibili had a negative return on equity of 44.38% and a negative net margin of 34.55%. Equities research analysts forecast that Bilibili Inc. will post -1.67 earnings per share for the current year.

About Bilibili

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Bilibili, Inc is a holding company, which represents the iconic brand of online entertainment for young generations in China. It offers a wide array of content serving young generations’ diverse interests. The firm enables broad video-based content consumption scenarios centered around professional user generated videos (PUGV) supplemented with live broadcasting, occupationally generated videos, or occupationally generated videos (OGV), and more.

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Institutional Ownership by Quarter for Bilibili (NASDAQ:BILI)

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