International Assets Investment Management LLC Invests $9.57 Million in Bilibili Inc. (NASDAQ:BILI)

International Assets Investment Management LLC purchased a new position in shares of Bilibili Inc. (NASDAQ:BILI) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 40,915 shares of the company’s stock, valued at approximately $9,570,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BILI. Quarry LP acquired a new position in Bilibili during the 2nd quarter worth approximately $29,336,000. OLD Mission Capital LLC acquired a new position in Bilibili during the 1st quarter worth approximately $14,849,000. Cubist Systematic Strategies LLC increased its position in Bilibili by 385.3% during 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 position in Bilibili during the 2nd quarter worth approximately $11,490,000. Finally, SIH Partners LLLP increased its position in Bilibili by 145.9% during the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after purchasing an additional 709,200 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BILI. Daiwa Capital Markets cut shares of Bilibili from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 3rd. Nomura Securities raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Daiwa America downgraded shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Nomura raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, August 22nd. Finally, Morgan Stanley began coverage on shares of Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price target for the company. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.15.

Bilibili Trading Up 1.3 %

NASDAQ:BILI opened at $22.22 on Thursday. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of -13.31 and a beta of 0.86. The firm has a fifty day simple moving average of $18.73 and a two-hundred day simple moving average of $16.15. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $31.77.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.55). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The firm had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same quarter last year, the firm posted ($0.43) earnings per share. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. Equities analysts predict that Bilibili Inc. will post -0.37 earnings per share for the current fiscal year.

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.