Yiheng Capital LLC Grows Position in Bilibili Inc – (NASDAQ:BILI)

Yiheng Capital LLC increased its position in shares of Bilibili Inc – (NASDAQ:BILI) by 56.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,081,786 shares of the company’s stock after purchasing an additional 1,469,472 shares during the period. Bilibili comprises about 7.8% of Yiheng Capital LLC’s investment portfolio, making the stock its 5th largest position. Yiheng Capital LLC owned about 1.47% of Bilibili worth $66,411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its position in Bilibili by 5.7% in the first quarter. Bank of Montreal Can now owns 15,829 shares of the company’s stock valued at $299,000 after acquiring an additional 857 shares during the period. Janney Montgomery Scott LLC bought a new stake in Bilibili in the first quarter valued at $447,000. US Bancorp DE grew its position in Bilibili by 60,604.3% in the first quarter. US Bancorp DE now owns 42,493 shares of the company’s stock valued at $805,000 after acquiring an additional 42,423 shares during the period. Advisor Group Inc. grew its position in Bilibili by 11.9% in the first quarter. Advisor Group Inc. now owns 55,198 shares of the company’s stock valued at $1,046,000 after acquiring an additional 5,863 shares during the period. Finally, Alpine Global Management LLC bought a new stake in Bilibili in the first quarter valued at $302,000. Institutional investors and hedge funds own 31.36% of the company’s stock.

Shares of BILI stock traded down $0.49 during trading hours on Tuesday, hitting $14.61. 196,695 shares of the company’s stock were exchanged, compared to its average volume of 3,379,488. The stock’s 50-day moving average is $14.45 and its 200-day moving average is $15.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.80 and a quick ratio of 2.80. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of -38.34 and a beta of 1.84. Bilibili Inc – has a 52 week low of $11.28 and a 52 week high of $21.50.



BILI has been the topic of a number of analyst reports. Zacks Investment Research cut Bilibili from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Jefferies Financial Group initiated coverage on Bilibili in a research report on Monday, August 5th. They issued a “buy” rating and a $17.90 price target on the stock. Citigroup lowered their price target on Bilibili from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Goldman Sachs Group began coverage on Bilibili in a research report on Wednesday, August 7th. They issued a “buy” rating and a $21.50 price target on the stock. Finally, ValuEngine cut Bilibili from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Bilibili presently has a consensus rating of “Buy” and an average price target of $19.27.

Bilibili Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.

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Institutional Ownership by Quarter for Bilibili (NASDAQ:BILI)

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