TB Alternative Assets Ltd. Trims Stock Holdings in Bilibili Inc. (NASDAQ:BILI)

TB Alternative Assets Ltd. lessened its stake in shares of Bilibili Inc. (NASDAQ:BILI) by 21.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,683 shares of the company’s stock after selling 25,424 shares during the quarter. TB Alternative Assets Ltd.’s holdings in Bilibili were worth $1,733,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BILI. Blue Trust Inc. lifted its stake in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after acquiring an additional 891 shares in the last quarter. TD Private Client Wealth LLC purchased a new stake in Bilibili during the third quarter worth about $53,000. Venturi Wealth Management LLC acquired a new stake in shares of Bilibili during the third quarter worth about $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Bilibili by 26.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock worth $82,000 after purchasing an additional 735 shares in the last quarter. Finally, Assetmark Inc. purchased a new position in shares of Bilibili in the third quarter valued at approximately $159,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Stock Up 2.9 %

Shares of BILI opened at $17.47 on Tuesday. Bilibili Inc. has a 52-week low of $8.80 and a 52-week high of $31.77. The stock has a 50 day moving average price of $18.71 and a 200 day moving average price of $18.14.

Bilibili (NASDAQ:BILI) last issued its earnings results on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The business had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.14 billion. During the same quarter in the prior year, the business posted ($0.39) EPS. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. Research analysts anticipate that Bilibili Inc. will post -0.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Mizuho upped their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Morgan Stanley initiated coverage on Bilibili in a report on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 target price for the company. Barclays upped their price target on Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Bank of America lifted their price objective on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.69.

About Bilibili

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.