Bilibili Inc. (NASDAQ:BILI) Short Interest Down 15.1% in February

Bilibili Inc. (NASDAQ:BILI) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 22,130,000 shares, a drop of 15.1% from the February 13th total of 26,060,000 shares. Currently, 6.9% of the shares of the company are short sold. Based on an average trading volume of 7,050,000 shares, the days-to-cover ratio is presently 3.1 days.

Analysts Set New Price Targets

BILI has been the topic of several analyst reports. Benchmark lifted their price target on shares of 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 shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Barclays lifted their target price on shares of Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.11.

Bilibili Stock Down 1.7 %

Shares of BILI stock opened at $21.23 on Thursday. The stock has a market cap of $8.80 billion, a P/E ratio of -47.18 and a beta of 0.93. Bilibili has a 52 week low of $10.37 and a 52 week high of $31.77. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $19.32 and its two-hundred day simple moving average is $19.54.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Analysts predict that Bilibili will post 0.16 EPS for the current fiscal year.

Institutional Trading of Bilibili

A number of large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Bilibili by 26.3% in the 3rd 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 buying an additional 735 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of Bilibili by 3.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company’s stock worth $419,000 after buying an additional 749 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Bilibili by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 110,560 shares of the company’s stock worth $2,002,000 after buying an additional 1,140 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Bilibili by 1,817.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after buying an additional 1,436 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Bilibili by 4.1% in the 4th quarter. Legal & General Group Plc now owns 46,629 shares of the company’s stock worth $845,000 after buying an additional 1,839 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.

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.