Blue Trust Inc. Buys 891 Shares of Bilibili Inc. (NASDAQ:BILI)

Blue Trust Inc. boosted its holdings in Bilibili Inc. (NASDAQ:BILI) by 227.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,283 shares of the company’s stock after acquiring an additional 891 shares during the period. Blue Trust Inc.’s holdings in Bilibili were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BILI. Quarry LP bought a new stake in Bilibili in the 2nd quarter valued at $29,336,000. OLD Mission Capital LLC bought a new stake in Bilibili in the 1st quarter valued at $14,849,000. Cubist Systematic Strategies LLC raised its stake in Bilibili by 385.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock valued at $15,162,000 after acquiring an additional 779,614 shares during the period. Point72 Hong Kong Ltd bought a new stake in Bilibili in the 2nd quarter valued at $11,490,000. Finally, SIH Partners LLLP raised its stake 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 acquiring an additional 709,200 shares during the period. Institutional investors own 16.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BILI. Nomura upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, August 22nd. Daiwa America cut Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Finally, Sanford C. Bernstein increased their price objective on Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.15.

Bilibili Stock Performance

BILI opened at $21.90 on Friday. The firm has a market cap of $9.08 billion, a P/E ratio of -16.34 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 business’s fifty day moving average is $19.22 and its 200-day moving average is $16.35.

Bilibili (NASDAQ:BILI) last released its 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 company had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the company posted ($0.43) earnings per share. On average, research analysts predict that Bilibili Inc. will post -0.32 earnings per share for the current fiscal 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.