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

Bilibili Inc. (NASDAQ:BILI) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 22,130,000 shares, a decrease of 15.1% from the February 13th total of 26,060,000 shares. Approximately 6.9% of the company’s shares are short sold. Based on an average daily volume of 7,050,000 shares, the short-interest ratio is currently 3.1 days.

Bilibili Price Performance

Shares of BILI opened at $21.23 on Thursday. The company has a market capitalization of $8.80 billion, a P/E ratio of -47.18 and a beta of 0.93. 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 firm has a 50 day moving average of $19.32 and a 200 day moving average of $19.54. Bilibili has a twelve month low of $10.37 and a twelve month high of $31.77.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. As a group, equities research analysts anticipate that Bilibili will post 0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on BILI. Barclays raised their price objective on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Nomura Securities lowered shares of Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Benchmark lifted their target price on shares of Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.11.

Institutional Investors Weigh In On Bilibili

Large investors have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC grew its position in 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 purchasing an additional 1,436 shares during the period. TD Private Client Wealth LLC bought a new stake in Bilibili in the 3rd quarter worth approximately $53,000. Federated Hermes Inc. bought a new stake in Bilibili in the 4th quarter worth approximately $55,000. Blue Trust Inc. grew its position in Bilibili by 147.8% in the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock worth $58,000 after purchasing an additional 1,896 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 purchasing an additional 735 shares during the period. Institutional investors own 16.08% of the company’s stock.

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.