Bilibili Inc. (NASDAQ:BILI) Shares Bought by Profund Advisors LLC

Profund Advisors LLC lifted its stake in shares of Bilibili Inc. (NASDAQ:BILI) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,806 shares of the company’s stock after acquiring an additional 2,257 shares during the period. Profund Advisors LLC’s holdings in Bilibili were worth $645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BILI. BNP Paribas Financial Markets boosted its stake in shares of Bilibili by 62.6% during the 1st quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company’s stock worth $3,483,000 after purchasing an additional 119,747 shares during the last quarter. Natixis acquired a new stake in Bilibili during the first quarter worth approximately $537,000. Janney Montgomery Scott LLC acquired a new stake in Bilibili during the first quarter worth approximately $951,000. GSA Capital Partners LLP purchased a new stake in Bilibili in the 1st quarter worth approximately $460,000. Finally, Swedbank AB acquired a new position in Bilibili in the 1st quarter valued at $645,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Trading Up 17.0 %

Shares of BILI stock opened at $18.63 on Wednesday. The company’s fifty day simple moving average is $14.84 and its 200-day simple moving average is $14.22. Bilibili Inc. has a 52 week low of $8.80 and a 52 week high of $18.64. The company has a market cap of $7.69 billion, a PE ratio of -11.16 and a beta of 0.83.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) 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 for the quarter, compared to analyst estimates of $6.10 billion. During the same quarter in the prior year, the firm earned ($0.43) EPS. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. Equities research analysts expect that Bilibili Inc. will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BILI has been the topic of several analyst reports. Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price target for the company in a report on Tuesday, June 18th. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, August 22nd. UBS Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and raised their target price for the stock from $11.90 to $18.00 in a research report on Friday, May 31st. Finally, Barclays raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Bilibili currently has an average rating of “Moderate Buy” and a consensus price target 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.