Connor Clark & Lunn Investment Management Ltd. Purchases 209,963 Shares of Bilibili Inc. (NASDAQ:BILI)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,504,143 shares of the company's stock after buying an additional 209,963 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.36% of Bilibili worth $27,240,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Avior Wealth Management LLC grew its holdings in Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock valued at $27,000 after purchasing an additional 1,436 shares during the period. TD Private Client Wealth LLC acquired a new position in Bilibili during the third quarter valued at approximately $53,000. Blue Trust Inc. grew its holdings in Bilibili by 147.8% during the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company's stock valued at $58,000 after purchasing an additional 1,896 shares during the period. Venturi Wealth Management LLC acquired a new position in Bilibili during the third quarter valued at approximately $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Bilibili by 26.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company's stock valued at $82,000 after purchasing an additional 735 shares during the period. 16.08% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BILI. Nomura Securities cut shares of Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Benchmark raised their target price on shares of Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Barclays raised their target price on shares of Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Three research 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 company's stock. According to data from MarketBeat.com, Bilibili has a consensus rating of "Moderate Buy" and a consensus target price of $21.11.

Bilibili Stock Up 2.1 %

BILI stock traded up $0.45 during midday trading on Friday, hitting $21.44. The company's stock had a trading volume of 4,682,713 shares, compared to its average volume of 6,945,415. The company's fifty day moving average price is $19.04 and its 200 day moving average price is $19.38. Bilibili Inc. has a twelve month low of $10.37 and a twelve month high of $31.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. The stock has a market capitalization of $8.88 billion, a P/E ratio of -47.64 and a beta of 0.93.

Bilibili (NASDAQ:BILI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. As a group, equities research analysts predict that Bilibili Inc. will post 0.16 EPS for the current year.

Bilibili 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.