Jennison Associates LLC Boosts Stock Holdings in Bilibili Inc. (NASDAQ:BILI)

Jennison Associates LLC increased its stake in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 208.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,807,524 shares of the company's stock after buying an additional 1,221,433 shares during the period. Jennison Associates LLC owned 0.44% of Bilibili worth $42,260,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its stake in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock valued at $30,000 after purchasing an additional 891 shares during the period. CWM LLC increased its stake in Bilibili by 61.9% during the 2nd quarter. CWM LLC now owns 2,232 shares of the company's stock worth $34,000 after acquiring an additional 853 shares during the period. Venturi Wealth Management LLC acquired a new position in Bilibili in the 3rd quarter valued at $63,000. Sandia Investment Management LP bought a new stake in shares of Bilibili during the 1st quarter valued at $112,000. Finally, Assetmark Inc. acquired a new stake in shares of Bilibili during the 3rd quarter worth $159,000. Institutional investors and hedge funds own 16.08% of the company's stock.

Wall Street Analysts Forecast Growth

BILI has been the subject of a number of recent analyst reports. Bank of America upped 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. Daiwa Capital Markets raised Bilibili from a "neutral" rating to a "buy" rating in a report on Friday, November 8th. Barclays boosted their price target on Bilibili from $19.00 to $24.00 and gave the stock an "overweight" rating in a report on Monday. Nomura Securities raised Bilibili from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 22nd. Finally, The Goldman Sachs Group upgraded Bilibili from a "neutral" rating to a "buy" rating and lifted their target price for the company from $16.50 to $22.60 in a research report on Thursday, September 26th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.69.

Bilibili Stock Down 3.1 %

BILI traded down $0.58 on Friday, hitting $18.25. The company's stock had a trading volume of 2,812,389 shares, compared to its average volume of 7,146,194. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $31.77. The company's 50 day simple moving average is $20.92 and its 200-day simple moving average is $17.13. The firm has a market cap of $7.56 billion, a P/E ratio of -20.52 and a beta of 0.86.

Bilibili (NASDAQ:BILI - Get Free Report) last released its quarterly earnings data 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. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The firm had revenue of $7.31 billion for the quarter, compared to analysts' expectations of $7.14 billion. During the same quarter in the previous year, the company earned ($0.39) earnings per share. The company's revenue for the quarter was up 25.8% compared to the same quarter last year. Equities analysts predict that Bilibili Inc. will post -0.32 earnings per share for the current fiscal 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.