Bilibili Inc. (NASDAQ:BILI) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. lowered its stake in shares of Bilibili Inc. (NASDAQ:BILI) by 21.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,712 shares of the company’s stock after selling 1,025 shares during the period. Rakuten Securities Inc.’s holdings in Bilibili were worth $87,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its stake in Bilibili by 227.3% during 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 in the last quarter. CWM LLC increased its position in shares of Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Bilibili in the 3rd quarter valued at $63,000. Sandia Investment Management LP purchased a new position in Bilibili in the 1st quarter valued at $112,000. Finally, Assetmark Inc. purchased a new position in Bilibili in the 3rd quarter valued at $159,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Price Performance

NASDAQ BILI opened at $21.08 on Wednesday. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $31.77. The stock has a market capitalization of $8.74 billion, a P/E ratio of -15.78 and a beta of 0.86. The firm’s 50-day moving average is $20.25 and its two-hundred day moving average is $16.85.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data 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 period in the previous year, the business posted ($0.43) EPS. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, analysts anticipate that Bilibili Inc. will post -0.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BILI. Sanford C. Bernstein increased their target price on shares of Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. The Goldman Sachs Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and increased their price objective for the company from $16.50 to $22.60 in a report on Thursday, September 26th. Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $14.00 to $19.00 in a report on Friday, August 23rd. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Finally, Mizuho boosted their price objective on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.51.

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.