Bilibili Inc. (NASDAQ:BILI) Stake Boosted by SIH Partners LLLP

SIH Partners LLLP boosted its stake in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) by 145.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,195,420 shares of the company's stock after acquiring an additional 709,200 shares during the quarter. Bilibili accounts for about 17.8% of SIH Partners LLLP's investment portfolio, making the stock its 3rd largest holding. SIH Partners LLLP owned approximately 0.29% of Bilibili worth $18,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company's stock worth $55,000 after buying an additional 1,734 shares during the period. Capstone Investment Advisors LLC purchased a new stake in Bilibili in the 4th quarter worth approximately $441,000. XY Capital Ltd purchased a new stake in Bilibili in the 1st quarter worth approximately $6,632,000. SpiderRock Advisors LLC purchased a new stake in Bilibili in the 1st quarter worth approximately $1,421,000. Finally, BNP Paribas Financial Markets lifted its holdings in Bilibili by 62.6% in the 1st quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company's stock worth $3,483,000 after buying an additional 119,747 shares during the period. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on BILI. Barclays raised Bilibili from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. The Goldman Sachs Group raised Bilibili from a "neutral" rating to a "buy" rating and increased their target price for the stock from $16.50 to $22.60 in a research report on Thursday. JPMorgan Chase & Co. raised Bilibili from a "neutral" rating to an "overweight" rating and set a $21.00 target price for the company in a research report on Tuesday, June 18th. Daiwa America raised Bilibili from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, August 22nd. Finally, Daiwa Capital Markets raised Bilibili from a "neutral" rating to an "outperform" rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.83.

Bilibili Stock Up 8.7 %

Shares of Bilibili stock traded up $1.83 on Friday, reaching $22.92. The company's stock had a trading volume of 18,906,228 shares, compared to its average volume of 6,832,655. The company has a market capitalization of $9.47 billion, a price-to-earnings ratio of -13.72 and a beta of 0.83. The firm's fifty day simple moving average is $15.16 and its two-hundred day simple moving average is $14.37. Bilibili Inc. has a 52 week low of $8.80 and a 52 week high of $23.03.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.55). The business had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.43) EPS. As a group, research analysts predict that Bilibili Inc. will post -0.4 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.