Robeco Institutional Asset Management B.V. Has $2.89 Million Stock Position in Bilibili Inc. (NASDAQ:BILI)

Robeco Institutional Asset Management B.V. cut its stake in shares of Bilibili Inc. (NASDAQ:BILI) by 0.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 123,599 shares of the company’s stock after selling 1,125 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Bilibili were worth $2,890,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quarry LP bought a new stake in Bilibili during the 2nd quarter worth $29,336,000. OLD Mission Capital LLC acquired a new stake in shares of Bilibili during the first quarter valued at about $14,849,000. Cubist Systematic Strategies LLC grew its holdings in shares of Bilibili by 385.3% during the second 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 during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Bilibili in the second quarter valued at approximately $11,490,000. Finally, SIH Partners LLLP raised its holdings in Bilibili by 145.9% in the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock valued at $18,457,000 after buying an additional 709,200 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Price Performance

NASDAQ BILI opened at $22.59 on Friday. The stock has a market capitalization of $9.36 billion, a P/E ratio of -16.86 and a beta of 0.86. The business has a 50 day simple moving average of $20.08 and a 200 day simple moving average of $16.75. Bilibili Inc. has a one year low of $8.80 and a one year high of $31.77.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) EPS 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 company had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same period last year, the business earned ($0.43) EPS. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities analysts expect that Bilibili Inc. will post -0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on BILI. Daiwa America lowered shares of Bilibili from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Bank of America boosted their price objective on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research note on Friday, October 25th. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a report on Friday. Barclays raised Bilibili from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $14.00 to $19.00 in a report on Friday, August 23rd. Finally, The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and increased their price target for the company from $16.50 to $22.60 in a research note on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and an average price target of $18.15.

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.