UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Bilibili Inc. (NASDAQ:BILI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Bilibili Inc. (NASDAQ:BILI) by 26.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,528 shares of the company’s stock after purchasing an additional 735 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Bilibili were worth $82,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BILI. Yong Rong HK Asset Management Ltd boosted its position in Bilibili by 33.3% during the second quarter. Yong Rong HK Asset Management Ltd now owns 400,000 shares of the company’s stock worth $6,176,000 after acquiring an additional 100,000 shares during the last quarter. National Bank of Canada FI purchased a new position in Bilibili in the 2nd quarter worth approximately $3,115,000. Headlands Technologies LLC acquired a new position in shares of Bilibili during the 2nd quarter worth approximately $4,715,000. Renaissance Technologies LLC grew its position in shares of Bilibili by 17.2% in the second quarter. Renaissance Technologies LLC now owns 601,066 shares of the company’s stock valued at $9,280,000 after purchasing an additional 88,100 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Bilibili by 10.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock valued at $272,000 after purchasing an additional 1,650 shares during the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Trading Down 0.7 %

Shares of NASDAQ BILI opened at $19.59 on Friday. The stock has a market capitalization of $8.12 billion, a PE ratio of -21.29 and a beta of 0.80. Bilibili Inc. has a twelve month low of $8.80 and a twelve month high of $31.77. The stock has a fifty day simple moving average of $20.33 and a 200-day simple moving average of $17.84.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.47. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. Bilibili’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.39) EPS. On average, equities analysts predict that Bilibili Inc. will post -0.34 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on BILI. Bank of America boosted their price objective on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research note on Friday, October 25th. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Barclays increased their price target on shares of Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Benchmark lifted their price target on shares of Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Three 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

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.