Assetmark Inc. Purchases New Shares in Bilibili Inc. (NASDAQ:BILI)

Assetmark Inc. purchased a new stake in shares of Bilibili Inc. (NASDAQ:BILI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,814 shares of the company’s stock, valued at approximately $159,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Quarry LP purchased a new stake in Bilibili in the second quarter worth $29,336,000. First Beijing Investment Ltd increased its stake in Bilibili by 96.2% in the third quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock worth $88,694,000 after purchasing an additional 1,860,496 shares during the period. OLD Mission Capital LLC purchased a new stake in Bilibili in the first quarter worth $14,849,000. Cubist Systematic Strategies LLC increased its stake in Bilibili by 385.3% in the second quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock worth $15,162,000 after purchasing an additional 779,614 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in Bilibili in the second quarter worth $11,490,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of BILI stock opened at $18.30 on Monday. Bilibili Inc. has a 1-year low of $8.80 and a 1-year high of $31.77. The stock’s 50-day moving average is $20.63 and its 200 day moving average is $17.02. The company has a market cap of $7.58 billion, a P/E ratio of -19.89 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. Bilibili had a negative return on equity of 15.10% and a negative net margin of 10.73%. The company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter last year, the company earned ($0.39) earnings per share. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. On average, analysts anticipate that Bilibili Inc. will post -0.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $14.00 to $19.00 in a research note on Friday, August 23rd. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Nomura raised Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, August 22nd. Finally, Morgan Stanley assumed coverage on Bilibili in a research report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.24.

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.