Bilibili Inc. (NASDAQ:BILI) Shares Bought by Susquehanna International Group Ltd.

Susquehanna International Group Ltd. increased its stake in Bilibili Inc. (NASDAQ:BILI) by 23.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,124 shares of the company’s stock after purchasing an additional 8,878 shares during the period. Susquehanna International Group Ltd.’s holdings in Bilibili were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. OLD Mission Capital LLC acquired a new stake in Bilibili in the 1st quarter worth approximately $14,849,000. Cubist Systematic Strategies LLC boosted its stake in Bilibili by 385.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock worth $15,162,000 after purchasing an additional 779,614 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Bilibili in the 2nd quarter worth approximately $11,490,000. Renaissance Technologies LLC boosted its stake in Bilibili by 17.2% in the 2nd quarter. Renaissance Technologies LLC now owns 601,066 shares of the company’s stock worth $9,280,000 after purchasing an additional 88,100 shares in the last quarter. Finally, XY Capital Ltd acquired a new stake in Bilibili in the 1st quarter worth approximately $6,632,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on BILI shares. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, August 22nd. Bank of America lifted their price objective on shares of Bilibili from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Morgan Stanley initiated coverage on shares of Bilibili in a research note on Wednesday. They set an “equal weight” rating and a $20.00 price objective for the company. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price objective for the company in a research note on Tuesday, June 18th. Finally, Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 22nd. Three equities research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.83.

Bilibili Price Performance

BILI opened at $22.92 on Friday. The firm has a fifty day moving average price of $15.00 and a 200 day moving average price of $14.30. Bilibili Inc. has a 1 year low of $8.80 and a 1 year high of $23.03. The stock has a market cap of $9.47 billion, a P/E ratio of -13.72 and a beta of 0.83.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The firm had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.43) earnings per share. Equities analysts expect that Bilibili Inc. will post -0.4 EPS for the current year.

About Bilibili

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.