Vaughan Nelson Investment Management L.P. Purchases Shares of 50,862 Bilibili Inc. (NASDAQ:BILI)

Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50,862 shares of the company's stock, valued at approximately $1,189,000.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of Bilibili by 6.5% during the third quarter. Signaturefd LLC now owns 9,731 shares of the company's stock worth $228,000 after acquiring an additional 598 shares in the last quarter. CWM LLC raised its stake in shares of Bilibili by 61.9% during the 2nd quarter. CWM LLC now owns 2,232 shares of the company's stock worth $34,000 after purchasing an additional 853 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock valued at $30,000 after buying an additional 891 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Bilibili by 4.9% in the 2nd quarter. SG Americas Securities LLC now owns 33,711 shares of the company's stock valued at $520,000 after buying an additional 1,569 shares in the last quarter. Finally, Creative Planning increased its holdings in Bilibili by 6.7% in the second quarter. Creative Planning now owns 25,819 shares of the company's stock worth $399,000 after buying an additional 1,632 shares during the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Price Performance

Shares of Bilibili stock traded up $0.79 during midday trading on Monday, hitting $19.09. The company had a trading volume of 3,958,686 shares, compared to its average volume of 7,208,454. The stock has a market cap of $7.91 billion, a PE ratio of -20.23 and a beta of 0.86. Bilibili Inc. has a 1-year low of $8.80 and a 1-year high of $31.77. The business's 50 day simple moving average is $20.63 and its two-hundred day simple moving average is $17.05.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its quarterly earnings data 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 15.10%. The company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter in the previous year, the firm posted ($0.39) EPS. The business's revenue was up 25.8% compared to the same quarter last year. On average, sell-side analysts expect that Bilibili Inc. will post -0.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Mizuho lifted their target price on shares of Bilibili from $17.00 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Morgan Stanley initiated coverage on shares of Bilibili in a research note on Wednesday, September 25th. They issued an "equal weight" rating and a $20.00 price objective for the company. Daiwa America raised shares of Bilibili from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Nomura Securities raised Bilibili from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 22nd. Finally, Benchmark upped their price target on Bilibili from $16.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday. 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.