Natixis Advisors LLC Takes $272,000 Position in Bilibili Inc. (NASDAQ:BILI)

Natixis Advisors LLC purchased a new position in Bilibili Inc. (NASDAQ:BILI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,642 shares of the company’s stock, valued at approximately $272,000.

Several other large investors also recently bought and sold shares of the business. First Beijing Investment Ltd increased its position in Bilibili by 96.2% during the third quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after acquiring an additional 1,860,496 shares during the last quarter. Quarry LP purchased a new position in shares of Bilibili during the 2nd quarter valued at approximately $29,336,000. SIH Partners LLLP lifted its position in shares of Bilibili by 145.9% during 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 in the last quarter. Cubist Systematic Strategies LLC lifted its holdings 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 purchasing an additional 779,614 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Bilibili in the 2nd quarter valued at $11,490,000. Institutional investors own 16.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BILI. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Barclays boosted their target price on Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Nomura raised 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. Finally, Sanford C. Bernstein upped their price objective on shares of Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.69.

Bilibili Stock Up 4.4 %

Shares of BILI opened at $18.87 on Friday. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of -20.51 and a beta of 0.86. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $31.77. The company’s fifty day moving average is $21.27 and its 200-day moving average is $17.28.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.10 by $0.47. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter last year, the company earned ($0.39) EPS. Bilibili’s revenue was up 25.8% on a year-over-year basis. As a group, research analysts predict that Bilibili Inc. will post -0.34 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.