Bilibili Inc. (NASDAQ:BILI) Stake Raised by Signaturefd LLC

Signaturefd LLC boosted its holdings in Bilibili Inc. (NASDAQ:BILI) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,731 shares of the company’s stock after acquiring an additional 598 shares during the quarter. Signaturefd LLC’s holdings in Bilibili were worth $228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. CWM LLC raised its position in Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after acquiring an additional 853 shares in the last quarter. Blue Trust Inc. raised its position in Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after acquiring an additional 891 shares in the last quarter. SG Americas Securities LLC raised its position in Bilibili by 4.9% in the second quarter. SG Americas Securities LLC now owns 33,711 shares of the company’s stock worth $520,000 after acquiring an additional 1,569 shares in the last quarter. Creative Planning increased its stake in Bilibili by 6.7% in the 2nd quarter. Creative Planning now owns 25,819 shares of the company’s stock worth $399,000 after purchasing an additional 1,632 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Bilibili by 10.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock worth $272,000 after purchasing an additional 1,650 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BILI. The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Bank of America lifted their price target on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research note on Friday. Daiwa America cut Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Finally, Morgan Stanley started coverage on Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price on the stock. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.15.

Bilibili Price Performance

Shares of Bilibili stock opened at $20.65 on Friday. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of -12.37 and a beta of 0.86. Bilibili Inc. has a 52-week low of $8.80 and a 52-week high of $31.77. The stock has a 50-day simple moving average of $18.42 and a 200-day simple moving average of $15.98.

Bilibili (NASDAQ:BILI) last announced its quarterly 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 for 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 firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.43) earnings per share. As a group, equities research analysts predict that Bilibili Inc. will post -0.37 earnings per share for the current year.

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.