Jennison Associates LLC Purchases 477,740 Shares of Bilibili Inc. (NASDAQ:BILI)

Jennison Associates LLC raised its position in Bilibili Inc. (NASDAQ:BILI - Free Report) by 26.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,285,264 shares of the company's stock after acquiring an additional 477,740 shares during the period. Jennison Associates LLC owned about 0.55% of Bilibili worth $41,386,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BILI. Creative Planning boosted its position in shares of Bilibili by 6.7% in the 2nd quarter. Creative Planning now owns 25,819 shares of the company's stock worth $399,000 after purchasing an additional 1,632 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Bilibili by 34.7% in the 3rd quarter. SG Americas Securities LLC now owns 45,416 shares of the company's stock valued at $1,062,000 after purchasing an additional 11,705 shares during the period. Blue Trust Inc. increased its position in shares of Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock valued at $30,000 after acquiring an additional 891 shares during the last quarter. Signaturefd LLC increased its position in shares of Bilibili by 6.5% in the third quarter. Signaturefd LLC now owns 9,731 shares of the company's stock valued at $228,000 after acquiring an additional 598 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Bilibili in the third quarter valued at about $9,570,000. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Trading Up 2.5 %

NASDAQ BILI traded up $0.45 during trading hours on Friday, hitting $18.51. The company's stock had a trading volume of 7,765,925 shares, compared to its average volume of 4,455,503. The company has a market capitalization of $7.67 billion, a PE ratio of -20.12 and a beta of 0.81. Bilibili Inc. has a 52 week low of $9.53 and a 52 week high of $31.77. The company's 50-day simple moving average is $18.19 and its two-hundred day simple moving average is $18.21.

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, topping the consensus estimate 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 company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.14 billion. During the same quarter last year, the business posted ($0.39) EPS. Bilibili's quarterly revenue was up 25.8% compared to the same quarter last year. Research analysts anticipate that Bilibili Inc. will post -0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BILI shares. Barclays boosted their price objective on Bilibili from $19.00 to $24.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Benchmark boosted their price objective on shares of Bilibili from $16.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, November 15th. 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 upgraded shares of Bilibili from a "neutral" rating to a "buy" rating in a report on Friday, November 8th. Finally, Mizuho increased their price objective on Bilibili from $17.00 to $21.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.69.

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.