SG Americas Securities LLC Decreases Stake in Bilibili Inc. (NASDAQ:BILI)

SG Americas Securities LLC lessened its holdings in Bilibili Inc. (NASDAQ:BILI) by 28.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,597 shares of the company’s stock after selling 12,819 shares during the period. SG Americas Securities LLC’s holdings in Bilibili were worth $590,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Creative Planning boosted its position in Bilibili by 6.7% in the second quarter. Creative Planning now owns 25,819 shares of the company’s stock worth $399,000 after purchasing an additional 1,632 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Bilibili during the 2nd quarter worth $7,799,000. Blue Trust Inc. boosted its holdings in shares of Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after buying an additional 891 shares during the last quarter. Signaturefd LLC grew its position in Bilibili by 6.5% during the third quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after buying an additional 598 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Bilibili during the third quarter worth about $9,570,000. 16.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays boosted their target price 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. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Mizuho boosted their target price on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Bank of America lifted their price objective on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Bilibili currently has an average rating of “Moderate Buy” and an average target price of $19.69.

Bilibili Stock Up 4.8 %

Shares of BILI opened at $17.59 on Friday. Bilibili Inc. has a twelve month low of $8.81 and a twelve month high of $31.77. The stock has a market cap of $7.29 billion, a PE ratio of -19.12 and a beta of 0.81. The business’s 50-day moving average price is $18.34 and its 200-day moving average price is $18.13.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same quarter in the prior year, the firm posted ($0.39) EPS. Bilibili’s revenue was up 25.8% on a year-over-year basis. Analysts expect that Bilibili Inc. will post -0.27 earnings per share for the current fiscal 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.