WT Asset Management Ltd Acquires New Shares in Bilibili Inc – (NASDAQ:BILI)

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WT Asset Management Ltd acquired a new stake in Bilibili Inc – (NASDAQ:BILI) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 564,700 shares of the company’s stock, valued at approximately $7,974,000. Bilibili comprises approximately 3.1% of WT Asset Management Ltd’s investment portfolio, making the stock its 15th biggest position. WT Asset Management Ltd owned about 0.20% of Bilibili as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BILI. AlphaOne Investment Services LLC bought a new stake in Bilibili in the second quarter valued at about $65,000. NEXT Financial Group Inc increased its holdings in Bilibili by 100.0% in the second quarter. NEXT Financial Group Inc now owns 5,000 shares of the company’s stock valued at $81,000 after purchasing an additional 2,500 shares during the last quarter. SG Americas Securities LLC bought a new stake in Bilibili in the third quarter valued at about $177,000. Comerica Bank increased its holdings in Bilibili by 8.9% in the second quarter. Comerica Bank now owns 12,783 shares of the company’s stock valued at $199,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Bilibili in the third quarter valued at about $252,000. Institutional investors and hedge funds own 31.47% of the company’s stock.

Shares of Bilibili stock traded down $0.09 during trading hours on Tuesday, hitting $16.68. The company’s stock had a trading volume of 3,214,700 shares, compared to its average volume of 3,652,593. Bilibili Inc – has a 12 month low of $12.66 and a 12 month high of $21.50. The stock has a 50 day moving average of $14.96 and a 200 day moving average of $15.23. The company has a market capitalization of $4.62 billion, a PE ratio of -43.89 and a beta of 1.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.80 and a quick ratio of 2.80.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Monday, August 26th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04. Bilibili had a negative return on equity of 13.32% and a negative net margin of 17.94%. The company had revenue of $225.43 million during the quarter, compared to the consensus estimate of $212.73 million. Equities analysts expect that Bilibili Inc – will post -0.58 EPS for the current year.

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. set a $15.00 price target on Bilibili and gave the stock a “hold” rating in a report on Thursday, August 29th. Citigroup lowered their price target on Bilibili from $23.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Zacks Investment Research downgraded Bilibili from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Goldman Sachs Group assumed coverage on Bilibili in a report on Wednesday, August 7th. They issued a “buy” rating and a $21.50 price target for the company. Finally, Nomura assumed coverage on Bilibili in a report on Wednesday, October 9th. They issued a “buy” rating and a $18.00 price target for the company. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Bilibili has a consensus rating of “Buy” and a consensus target price of $19.14.

About Bilibili

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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