Bilibili Inc. (NASDAQ:BILI) Shares Sold by Greenleaf Trust

Greenleaf Trust lessened its holdings in Bilibili Inc. (NASDAQ:BILI) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,397 shares of the company’s stock after selling 1,217 shares during the period. Greenleaf Trust’s holdings in Bilibili were worth $248,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in Bilibili by 7.1% in the third quarter. Principal Financial Group Inc. now owns 18,036 shares of the company’s stock valued at $248,000 after purchasing an additional 1,202 shares during the period. Vontobel Holding Ltd. raised its position in Bilibili by 4.1% in the 4th quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company’s stock valued at $443,000 after purchasing an additional 1,424 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Bilibili by 29.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after purchasing an additional 1,569 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Bilibili by 8.8% in the 3rd quarter. Signaturefd LLC now owns 24,509 shares of the company’s stock valued at $337,000 after buying an additional 1,988 shares during the period. Finally, Altfest L J & Co. Inc. grew its position in shares of Bilibili by 21.9% during the fourth quarter. Altfest L J & Co. Inc. now owns 36,579 shares of the company’s stock worth $445,000 after buying an additional 6,573 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Price Performance

NASDAQ BILI opened at $12.75 on Thursday. The company has a fifty day moving average of $11.08 and a two-hundred day moving average of $11.68. Bilibili Inc. has a 1 year low of $8.80 and a 1 year high of $20.60. The company has a market capitalization of $5.26 billion, a PE ratio of -7.77 and a beta of 0.99.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). The firm had revenue of $881.13 million during the quarter, compared to analyst estimates of $891.61 million. Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. On average, research analysts expect that Bilibili Inc. will post -0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Mizuho reduced their target price on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, January 17th. JPMorgan Chase & Co. upgraded shares of Bilibili from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $10.00 to $11.00 in a report on Monday, March 11th. Citigroup downgraded shares of Bilibili from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $18.00 to $12.50 in a research note on Monday, March 11th. Finally, Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.26.

Bilibili Company 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.