Daiwa Securities Group Inc. Has $71,000 Stock Position in Bilibili Inc. (NASDAQ:BILI)

Daiwa Securities Group Inc. decreased its position in shares of Bilibili Inc. (NASDAQ:BILI) by 29.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,612 shares of the company’s stock after selling 1,930 shares during the period. Daiwa Securities Group Inc.’s holdings in Bilibili were worth $71,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC boosted its position in Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after purchasing an additional 853 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Bilibili by 62.6% in the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after buying an additional 1,734 shares during the last quarter. Sandia Investment Management LP acquired a new stake in shares of Bilibili in the first quarter worth about $112,000. Quadrant Capital Group LLC lifted its position in shares of Bilibili by 19.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock worth $125,000 after buying an additional 1,667 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Bilibili in the fourth quarter worth about $344,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Up 3.2 %

Bilibili stock opened at $15.14 on Wednesday. The business has a 50 day moving average price of $14.88 and a two-hundred day moving average price of $14.03. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of -9.07 and a beta of 0.83. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $18.19.

Bilibili (NASDAQ:BILI) last issued its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.10 billion. During the same period in the previous year, the company posted ($0.43) earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. On average, analysts expect that Bilibili Inc. will post -0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BILI shares. JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price target for the company in a research report on Tuesday, June 18th. Daiwa Capital Markets raised Bilibili from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 22nd. Nomura upgraded 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. Benchmark increased their target price on Bilibili from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, Daiwa America upgraded Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Bilibili currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.91.

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.