Yong Rong HK Asset Management Ltd Has $2.72 Million Stake in Bilibili Inc. (NASDAQ:BILI)

Yong Rong HK Asset Management Ltd raised its position in Bilibili Inc. (NASDAQ:BILI) by 50.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,000 shares of the company’s stock after acquiring an additional 50,000 shares during the quarter. Bilibili makes up about 1.2% of Yong Rong HK Asset Management Ltd’s investment portfolio, making the stock its 11th largest holding. Yong Rong HK Asset Management Ltd’s holdings in Bilibili were worth $2,717,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vontobel Holding Ltd. acquired a new stake in shares of Bilibili in the fourth quarter valued at approximately $340,000. Ping Capital Management Inc. lifted its holdings in Bilibili by 75.0% during the 4th quarter. Ping Capital Management Inc. now owns 35,000 shares of the company’s stock valued at $634,000 after purchasing an additional 15,000 shares during the last quarter. Jennison Associates LLC boosted its position in Bilibili by 26.4% during the fourth quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock worth $41,386,000 after purchasing an additional 477,740 shares during the period. Matthews International Capital Management LLC increased its holdings in shares of Bilibili by 11.3% in the fourth quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company’s stock valued at $6,364,000 after purchasing an additional 35,692 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Bilibili by 147.8% in the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock valued at $58,000 after purchasing an additional 1,896 shares during the period. Institutional investors own 16.08% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Benchmark lifted their target price on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday. Barclays upped their target price on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Mizuho increased their price objective on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bilibili presently has a consensus rating of “Moderate Buy” and an average price target of $20.33.

Bilibili Stock Performance

Shares of NASDAQ BILI opened at $22.82 on Friday. The stock has a market capitalization of $9.46 billion, a P/E ratio of -50.71 and a beta of 0.81. The stock’s fifty day moving average is $18.27 and its 200 day moving average is $18.60. Bilibili Inc. has a 52 week low of $9.63 and a 52 week high of $31.77.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.28%. Equities research analysts forecast that Bilibili Inc. will post 0.16 earnings per share for the current year.

Bilibili Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.