Seven Eight Capital LP Takes $352,000 Position in Bilibili Inc. (NASDAQ:BILI)

Seven Eight Capital LP acquired a new position in Bilibili Inc. (NASDAQ:BILI) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 22,821 shares of the company’s stock, valued at approximately $352,000.

A number of other large investors have also recently added to or reduced their stakes in the business. OLD Mission Capital LLC purchased a new stake in shares of Bilibili in the first quarter valued at about $14,849,000. Renaissance Technologies LLC grew its holdings in Bilibili by 17.2% during the 2nd quarter. Renaissance Technologies LLC now owns 601,066 shares of the company’s stock valued at $9,280,000 after buying an additional 88,100 shares during the last quarter. XY Capital Ltd purchased a new position in Bilibili during the first quarter worth $6,632,000. SIH Partners LLLP raised its holdings in shares of Bilibili by 761.2% in the first quarter. SIH Partners LLLP now owns 486,220 shares of the company’s stock worth $5,446,000 after acquiring an additional 429,760 shares during the last quarter. Finally, Yong Rong HK Asset Management Ltd lifted its position in shares of Bilibili by 33.3% in the second quarter. Yong Rong HK Asset Management Ltd now owns 400,000 shares of the company’s stock valued at $6,176,000 after acquiring an additional 100,000 shares in the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Price Performance

Shares of NASDAQ:BILI opened at $15.90 on Monday. The business has a 50-day moving average of $14.78 and a two-hundred day moving average of $14.13. The firm has a market capitalization of $6.57 billion, a PE ratio of -9.52 and a beta of 0.83. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $18.19.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The business had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $6.10 billion. During the same quarter in the previous year, the business posted ($0.43) EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, research analysts anticipate that Bilibili Inc. will post -0.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on BILI. Sanford C. Bernstein lifted 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. Nomura raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, August 22nd. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price on the stock in a research report on Tuesday, June 18th. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to an “outperform” rating in a report on Thursday, August 22nd. Finally, Bank of America raised their price objective on Bilibili from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.91.

About Bilibili

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.