Bilibili Inc. (NASDAQ:BILI) Short Interest Update

Bilibili Inc. (NASDAQ:BILI) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 22,490,000 shares, a growth of 18.5% from the August 15th total of 18,980,000 shares. Based on an average daily volume of 6,420,000 shares, the short-interest ratio is presently 3.5 days.

Institutional Investors Weigh In On Bilibili

Several institutional investors have recently modified their holdings of BILI. Wellington Management Group LLP purchased a new stake in shares of Bilibili during the 1st quarter worth approximately $52,090,000. First Beijing Investment Ltd purchased a new stake in shares of Bilibili during the 2nd quarter worth approximately $29,929,000. Lord Abbett & CO. LLC purchased a new stake in shares of Bilibili during the 4th quarter worth approximately $40,273,000. FMR LLC boosted its stake in shares of Bilibili by 13.6% during the 1st quarter. FMR LLC now owns 12,371,582 shares of the company’s stock worth $290,732,000 after acquiring an additional 1,485,674 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Bilibili by 184.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,076,066 shares of the company’s stock worth $48,788,000 after acquiring an additional 1,345,900 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of BILI opened at $13.67 on Tuesday. Bilibili has a twelve month low of $8.23 and a twelve month high of $29.46. The stock’s 50 day moving average is $15.84 and its two-hundred day moving average is $17.95. The firm has a market capitalization of $5.62 billion, a PE ratio of -7.16 and a beta of 1.11. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.19.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, August 17th. The company reported ($2.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.52) by $0.19. Bilibili had a negative return on equity of 37.46% and a negative net margin of 24.04%. The company had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same quarter in the previous year, the company earned ($0.85) EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Research analysts anticipate that Bilibili will post -1.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Benchmark reiterated a “buy” rating and set a $35.00 target price on shares of Bilibili in a research report on Friday, August 18th. Bank of America cut their target price on Bilibili from $24.00 to $22.00 in a research report on Friday, August 18th. Barclays dropped their price target on Bilibili from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, August 18th. UBS Group dropped their price target on Bilibili from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 18th. Finally, JPMorgan Chase & Co. cut Bilibili from an “overweight” rating to an “underweight” rating and set a $13.00 price target on the stock. in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Bilibili has an average rating of “Hold” and an average target price of $20.56.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.