Granite Point Capital Management L.P. cut its holdings in Bilibili Inc – (NASDAQ:BILI) by 78.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the company’s stock after selling 110,000 shares during the period. Granite Point Capital Management L.P.’s holdings in Bilibili were worth $438,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of BILI. Legal & General Group Plc acquired a new stake in shares of Bilibili during the third quarter worth about $51,000. B. Riley Wealth Management Inc. acquired a new stake in shares of Bilibili during the third quarter worth about $168,000. Jane Street Group LLC acquired a new stake in shares of Bilibili during the second quarter worth about $468,000. First Foundation Advisors acquired a new stake in shares of Bilibili during the third quarter worth about $1,011,000. Finally, SG Americas Securities LLC increased its position in shares of Bilibili by 242.7% during the third quarter. SG Americas Securities LLC now owns 89,371 shares of the company’s stock worth $1,205,000 after purchasing an additional 63,291 shares in the last quarter. Institutional investors own 12.11% of the company’s stock.
Several brokerages recently issued reports on BILI. Daiwa Capital Markets began coverage on Bilibili in a research report on Monday, January 14th. They issued an “outperform” rating on the stock. Zacks Investment Research cut Bilibili from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th. Citigroup began coverage on Bilibili in a research report on Thursday, January 31st. They issued a “buy” rating and a $22.00 price target on the stock. Morgan Stanley upgraded Bilibili from an “equal weight” rating to an “overweight” rating and set a $17.00 price target on the stock in a research report on Tuesday, January 8th. Finally, Credit Suisse Group began coverage on Bilibili in a research report on Monday, December 10th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.00.
Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Tuesday, November 20th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.02). The company had revenue of $157.08 million during the quarter, compared to analysts’ expectations of $147.46 million. As a group, equities research analysts predict that Bilibili Inc – will post -0.43 EPS for the current year.
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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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