Matthews International Capital Management LLC Grows Position in Bilibili Inc. (NASDAQ:BILI)

Matthews International Capital Management LLC boosted its stake in Bilibili Inc. (NASDAQ:BILI - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 351,423 shares of the company's stock after purchasing an additional 35,692 shares during the quarter. Bilibili comprises 1.3% of Matthews International Capital Management LLC's investment portfolio, making the stock its 19th biggest position. Matthews International Capital Management LLC owned 0.08% of Bilibili worth $6,364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Signaturefd LLC raised its stake in 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 purchasing an additional 598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 worth $82,000 after acquiring an additional 735 shares in the last quarter. Blue Trust Inc. raised its stake in Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock worth $30,000 after acquiring an additional 891 shares in the last quarter. Avior Wealth Management LLC raised its stake in Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock worth $27,000 after acquiring an additional 1,436 shares in the last quarter. Finally, Creative Planning raised its stake in Bilibili by 6.7% during the second quarter. Creative Planning now owns 25,819 shares of the company's stock worth $399,000 after acquiring an additional 1,632 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company's stock.

Wall Street Analyst Weigh In

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

Bilibili Trading Up 2.1 %

BILI stock traded up $0.36 during trading on Tuesday, hitting $17.34. The company had a trading volume of 3,443,048 shares, compared to its average volume of 5,037,788. The business has a 50-day moving average of $18.39 and a 200-day moving average of $18.14. Bilibili Inc. has a one year low of $8.81 and a one year high of $31.77. The stock has a market cap of $7.19 billion, a PE ratio of -18.85 and a beta of 0.81.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.47. The firm had revenue of $7.31 billion for the quarter, compared to analysts' expectations of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The company's revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.39) EPS. Research analysts forecast that Bilibili Inc. will post -0.27 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.