Altfest L J & Co. Inc. Raises Stake in Bilibili Inc. (NASDAQ:BILI)

Altfest L J & Co. Inc. lifted its holdings in Bilibili Inc. (NASDAQ:BILI) by 21.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 36,579 shares of the company’s stock after acquiring an additional 6,573 shares during the quarter. Altfest L J & Co. Inc.’s holdings in Bilibili were worth $445,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BILI. SG Americas Securities LLC grew its position in Bilibili by 102.0% during the 4th quarter. SG Americas Securities LLC now owns 80,257 shares of the company’s stock worth $977,000 after acquiring an additional 40,523 shares during the last quarter. Tudor Investment Corp Et Al purchased a new position in shares of Bilibili in the third quarter valued at about $141,000. Morgan Stanley boosted its holdings in shares of Bilibili by 47.6% during the third quarter. Morgan Stanley now owns 3,174,384 shares of the company’s stock worth $43,711,000 after purchasing an additional 1,023,650 shares during the period. Sei Investments Co. grew its stake in shares of Bilibili by 2.5% in the third quarter. Sei Investments Co. now owns 767,554 shares of the company’s stock worth $10,569,000 after purchasing an additional 18,901 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Bilibili during the 3rd quarter valued at approximately $3,043,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Stock Up 2.0 %

NASDAQ:BILI traded up $0.22 during mid-day trading on Thursday, hitting $11.25. 4,969,507 shares of the company traded hands, compared to its average volume of 7,356,768. Bilibili Inc. has a one year low of $8.80 and a one year high of $25.56. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of -6.85 and a beta of 0.98. The stock’s fifty day moving average price is $10.36 and its 200-day moving average price is $11.98.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BILI shares. Citigroup cut Bilibili from a “buy” rating to a “neutral” rating and reduced their target price for the company from $18.00 to $12.50 in a research note on Monday, March 11th. Mizuho reduced their price target on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, January 17th. The Goldman Sachs Group reduced their target price on Bilibili from $17.40 to $15.60 and set a “neutral” rating on the stock in a report on Thursday, November 30th. Daiwa Capital Markets lowered shares of Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Finally, Barclays cut shares of Bilibili from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $15.00 to $10.00 in a research note on Thursday, November 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Bilibili presently has an average rating of “Hold” and an average price target of $15.26.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.