US Bancorp DE Has $1.66 Million Holdings in Bilibili Inc. (NASDAQ:BILI)

US Bancorp DE grew its stake in Bilibili Inc. (NASDAQ:BILI - Free Report) by 882.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,999 shares of the company's stock after purchasing an additional 63,772 shares during the quarter. US Bancorp DE's holdings in Bilibili were worth $1,660,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Quarry LP bought a new position in Bilibili during the 2nd quarter worth $29,336,000. OLD Mission Capital LLC bought a new stake in Bilibili in the 1st quarter valued at about $14,849,000. SIH Partners LLLP boosted its stake in Bilibili by 145.9% during the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company's stock valued at $18,457,000 after purchasing an additional 709,200 shares during the period. Cubist Systematic Strategies LLC grew its position in Bilibili by 385.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company's stock worth $15,162,000 after purchasing an additional 779,614 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Bilibili in the second quarter valued at approximately $11,490,000. Institutional investors own 16.08% of the company's stock.

Analyst Ratings Changes

BILI has been the topic of several analyst reports. Morgan Stanley started coverage on Bilibili in a research report on Wednesday, September 25th. They issued an "equal weight" rating and a $20.00 target price on the stock. Daiwa America lowered shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Barclays upgraded shares of Bilibili from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $14.00 to $19.00 in a report on Friday, August 23rd. Daiwa Capital Markets lowered shares of Bilibili from an "outperform" rating to a "neutral" rating in a research note on Thursday, October 3rd. Finally, Bank of America upped their price objective on shares of Bilibili from $19.00 to $22.50 and gave the company a "buy" rating in a research note on Friday, October 25th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.15.

Bilibili Stock Up 8.9 %

NASDAQ:BILI traded up $1.97 during mid-day trading on Thursday, reaching $24.13. 7,431,126 shares of the company were exchanged, compared to its average volume of 6,797,773. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $31.77. The stock has a market cap of $10.00 billion, a PE ratio of -18.01 and a beta of 0.86. The company has a fifty day moving average of $19.92 and a 200 day moving average of $16.64.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The firm had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The company's revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company earned ($0.43) EPS. On average, equities research analysts anticipate that Bilibili Inc. will post -0.32 EPS for the current fiscal year.

Bilibili Company Profile

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.