Bilibili Inc. (NASDAQ:BILI) Holdings Lifted by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 422.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,256,058 shares of the company's stock after acquiring an additional 1,823,829 shares during the period. BNP Paribas Financial Markets owned about 0.54% of Bilibili worth $52,747,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Bilibili during the third quarter worth $921,000. DRW Securities LLC purchased a new stake in shares of Bilibili in the 3rd quarter worth about $312,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Bilibili by 31.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company's stock valued at $30,258,000 after acquiring an additional 311,073 shares during the last quarter. Jennison Associates LLC increased its holdings in Bilibili by 208.4% during the 3rd quarter. Jennison Associates LLC now owns 1,807,524 shares of the company's stock valued at $42,260,000 after acquiring an additional 1,221,433 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Bilibili during the third quarter worth about $1,189,000. Institutional investors and hedge funds own 16.08% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on BILI shares. Daiwa America raised shares of Bilibili from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 8th. Nomura Securities raised shares of Bilibili from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 22nd. Benchmark raised their price objective on Bilibili from $16.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Bank of America lifted their price target on shares of Bilibili from $19.00 to $22.50 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Sanford C. Bernstein increased their target price on Bilibili from $12.00 to $13.00 and gave the stock a "market perform" rating in a research report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Bilibili presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.69.

Bilibili Trading Up 1.6 %

Shares of NASDAQ:BILI traded up $0.30 on Friday, hitting $19.17. The company's stock had a trading volume of 2,243,719 shares, compared to its average volume of 7,087,308. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $31.77. The stock's 50-day moving average is $21.27 and its two-hundred day moving average is $17.28.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.47. The firm had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The firm's quarterly revenue was up 25.8% on a year-over-year basis. During the same period last year, the company posted ($0.39) EPS. Equities analysts predict that Bilibili Inc. will post -0.34 earnings per share for the current 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.