TB Alternative Assets Ltd. Sells 182,793 Shares of Bilibili Inc. (NASDAQ:BILI)

TB Alternative Assets Ltd. lowered its stake in shares of Bilibili Inc. (NASDAQ:BILI) by 60.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,107 shares of the company’s stock after selling 182,793 shares during the quarter. Bilibili comprises approximately 0.7% of TB Alternative Assets Ltd.’s holdings, making the stock its 26th largest holding. TB Alternative Assets Ltd.’s holdings in Bilibili were worth $2,831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SIH Partners LLLP increased its position in Bilibili by 145.9% during the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after acquiring an additional 709,200 shares during the period. BNP Paribas Financial Markets boosted its stake in Bilibili by 62.6% during the first quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company’s stock worth $3,483,000 after buying an additional 119,747 shares in the last quarter. Natixis acquired a new stake in Bilibili during the first quarter worth $537,000. Janney Montgomery Scott LLC acquired a new stake in Bilibili during the first quarter worth $951,000. Finally, GSA Capital Partners LLP acquired a new stake in Bilibili during the first quarter worth $460,000. Institutional investors own 16.08% of the company’s stock.

Bilibili Stock Up 3.5 %

Shares of NASDAQ:BILI opened at $20.15 on Monday. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $31.77. The company’s 50-day moving average price is $17.74 and its two-hundred day moving average price is $15.69. The firm has a market cap of $8.32 billion, a P/E ratio of -12.07 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same period in the prior year, the company earned ($0.43) EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. As a group, equities analysts predict that Bilibili Inc. will post -0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on BILI. Bank of America lifted their price target on shares of Bilibili from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Daiwa Capital Markets downgraded shares of Bilibili from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 3rd. Morgan Stanley began coverage on shares of Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price target on the stock. Nomura Securities upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Finally, Sanford C. Bernstein lifted their price target on shares of Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bilibili currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.83.

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.