SBI Securities Co. Ltd. Makes New Investment in Bilibili Inc. (NASDAQ:BILI)

SBI Securities Co. Ltd. bought a new stake in Bilibili Inc. (NASDAQ:BILI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,536 shares of the company's stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd grew its stake in shares of Bilibili by 1,064.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company's stock valued at $4,449,000 after buying an additional 173,941 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Bilibili by 31.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company's stock valued at $30,258,000 after acquiring an additional 311,073 shares during the period. US Bancorp DE grew its position in Bilibili by 882.4% in the 3rd quarter. US Bancorp DE now owns 70,999 shares of the company's stock valued at $1,660,000 after acquiring an additional 63,772 shares in the last quarter. Jennison Associates LLC increased its stake in Bilibili by 208.4% during the third quarter. Jennison Associates LLC now owns 1,807,524 shares of the company's stock worth $42,260,000 after purchasing an additional 1,221,433 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Bilibili during the third quarter worth about $921,000. Hedge funds and other institutional investors own 16.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BILI shares. Nomura Securities cut shares of Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Daiwa Capital Markets upgraded shares of Bilibili from a "neutral" rating to a "buy" rating in a research note on Friday, November 8th. Daiwa America raised Bilibili from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Barclays lifted their target price on Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Mizuho increased their price target on Bilibili from $17.00 to $21.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $20.33.

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Bilibili Stock Up 8.2 %

NASDAQ:BILI traded up $1.82 during midday trading on Friday, hitting $24.10. 10,945,968 shares of the company were exchanged, compared to its average volume of 7,041,020. Bilibili Inc. has a fifty-two week low of $10.37 and a fifty-two week high of $31.77. The company has a market capitalization of $9.99 billion, a PE ratio of -53.56 and a beta of 0.93. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $18.65 and a 200 day simple moving average of $19.08.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, topping 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 analysts' expectations of $1.05 billion. As a group, equities analysts anticipate that Bilibili Inc. will post 0.16 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.