Ping Capital Management Inc. Increases Stake in Bilibili Inc. (NASDAQ:BILI)

Ping Capital Management Inc. increased its holdings in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 75.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,000 shares of the company's stock after buying an additional 15,000 shares during the period. Ping Capital Management Inc.'s holdings in Bilibili were worth $634,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BILI. Avior Wealth Management LLC increased its stake in Bilibili by 1,817.7% during 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 period. Blue Trust Inc. increased its stake in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock worth $30,000 after buying an additional 891 shares during the period. TD Private Client Wealth LLC purchased a new stake in Bilibili during the 3rd quarter worth approximately $53,000. Venturi Wealth Management LLC purchased a new stake in Bilibili during the 3rd quarter worth approximately $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Bilibili by 26.3% during 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 period. 16.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BILI shares. Mizuho upped their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Daiwa Capital Markets upgraded shares of Bilibili from a "neutral" rating to a "buy" rating in a report on Friday, November 8th. Bank of America boosted their price target on shares of Bilibili from $19.00 to $22.50 and gave the stock a "buy" rating in a report on Friday, October 25th. Benchmark boosted their price target on shares of Bilibili from $16.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Barclays boosted their price target on shares of Bilibili from $19.00 to $24.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Bilibili currently has an average rating of "Moderate Buy" and an average price target of $19.69.

Bilibili Price Performance

Shares of Bilibili stock traded up $0.45 during trading hours on Friday, hitting $18.51. The company had a trading volume of 7,765,925 shares, compared to its average volume of 4,455,503. The company's 50-day moving average is $18.19 and its two-hundred day moving average is $18.21. Bilibili Inc. has a twelve month low of $9.53 and a twelve month high of $31.77. The company has a market cap of $7.67 billion, a P/E ratio of -20.12 and a beta of 0.81.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.47. The firm had revenue of $7.31 billion during the quarter, compared to analysts' expectations of $7.14 billion. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. Bilibili's quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.39) EPS. Sell-side analysts expect that Bilibili Inc. will post -0.39 EPS for the current year.

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.