Bilibili Inc. (NASDAQ:BILI) Shares Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. boosted its holdings in Bilibili Inc. (NASDAQ:BILI) by 145.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,124 shares of the company’s stock after acquiring an additional 5,412 shares during the period. Rakuten Securities Inc.’s holdings in Bilibili were worth $165,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd increased its stake in Bilibili by 1,064.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock worth $4,449,000 after purchasing an additional 173,941 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake 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 worth $30,258,000 after purchasing an additional 311,073 shares in the last quarter. Jennison Associates LLC grew its stake in Bilibili by 208.4% during the 3rd 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 in the last quarter. Quantbot Technologies LP purchased a new stake in Bilibili during the 3rd quarter worth about $921,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Bilibili in the 3rd quarter valued at about $1,189,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of NASDAQ:BILI opened at $21.29 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34. Bilibili Inc. has a one year low of $10.37 and a one year high of $31.77. The company has a 50-day simple moving average of $18.88 and a 200-day simple moving average of $19.28. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of -47.31 and a beta of 0.93.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share 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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. On average, analysts predict that Bilibili Inc. will post 0.16 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Nomura Securities cut shares of Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Barclays boosted their target price on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Benchmark raised their price target on Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bilibili presently has a consensus rating of “Moderate Buy” and an average target price of $21.11.

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.