Acadian Asset Management LLC Reduces Stock Holdings in Bilibili Inc. (NASDAQ:BILI)

Acadian Asset Management LLC lessened its stake in shares of Bilibili Inc. (NASDAQ:BILI) by 27.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,663 shares of the company’s stock after selling 9,842 shares during the period. Acadian Asset Management LLC’s holdings in Bilibili were worth $411,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CWM LLC increased 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 acquiring an additional 853 shares during the last quarter. Parallel Advisors LLC grew its holdings in Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after purchasing an additional 1,734 shares during the last quarter. Sandia Investment Management LP purchased a new stake in Bilibili in the 1st quarter worth about $112,000. Quadrant Capital Group LLC lifted its stake in 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 purchasing an additional 1,667 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Bilibili during the fourth quarter valued at approximately $344,000. 16.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Benchmark raised their price target on Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a research note on Tuesday, June 18th. Barclays raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $14.00 to $19.00 in a research note on Friday, August 23rd. Nomura Securities raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Finally, Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.91.

Bilibili Stock Performance

Shares of BILI opened at $14.83 on Thursday. The stock has a market capitalization of $6.12 billion, a PE ratio of -8.88 and a beta of 0.83. The company has a 50 day moving average price of $14.84 and a 200-day moving average price of $14.03. Bilibili Inc. has a fifty-two week low of $8.80 and a fifty-two week high of $18.19.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share 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 analysts’ expectations of $6.10 billion. During the same quarter in the prior year, the company earned ($0.43) EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. Equities research analysts forecast that Bilibili Inc. will post -0.4 EPS for the current year.

Bilibili Company 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.