Wells Fargo & Company MN Sells 3,901 Shares of Bilibili Inc. (NASDAQ:BILI)

Wells Fargo & Company MN cut its holdings in Bilibili Inc. (NASDAQ:BILI) by 17.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,983 shares of the company’s stock after selling 3,901 shares during the quarter. Wells Fargo & Company MN’s holdings in Bilibili were worth $344,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Barclays PLC grew its position in shares of Bilibili by 13.5% during the 3rd quarter. Barclays PLC now owns 127,563 shares of the company’s stock worth $2,982,000 after buying an additional 15,136 shares during the period. Avior Wealth Management LLC increased its stake in Bilibili by 1,817.7% in the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock valued at $27,000 after purchasing an additional 1,436 shares in the last quarter. Blue Trust Inc. raised its holdings in Bilibili by 147.8% in the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock worth $58,000 after purchasing an additional 1,896 shares during the period. Matthews International Capital Management LLC boosted its position in shares of Bilibili by 11.3% during the fourth quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company’s stock worth $6,364,000 after purchasing an additional 35,692 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Bilibili by 26.4% in the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock valued at $41,386,000 after buying an additional 477,740 shares during the period. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Trading Up 0.8 %

NASDAQ BILI opened at $18.28 on Tuesday. Bilibili Inc. has a 52 week low of $12.72 and a 52 week high of $31.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34. The stock’s 50 day moving average price is $18.77 and its two-hundred day moving average price is $19.10. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of -40.62 and a beta of 0.93.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The business 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 8.23%. As a group, analysts anticipate that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on BILI. Benchmark raised their price objective on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Nomura Securities cut Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Barclays increased their target price on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.11.

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.