Healthcare of Ontario Pension Plan Trust Fund Takes $7.80 Million Position in Bilibili Inc. (NASDAQ:BILI)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Bilibili Inc. (NASDAQ:BILI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 505,100 shares of the company’s stock, valued at approximately $7,799,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.12% of Bilibili at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. CWM LLC grew its holdings in Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after buying an additional 853 shares in the last quarter. Parallel Advisors LLC grew its holdings in Bilibili by 62.6% during the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after buying an additional 1,734 shares in the last quarter. Sandia Investment Management LP bought a new stake in Bilibili during the first quarter worth $112,000. Beck Bode LLC bought a new stake in Bilibili during the second quarter worth $165,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Bilibili by 10.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock worth $272,000 after buying an additional 1,650 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $16.50 to $22.60 in a research report on Thursday, September 26th. Barclays raised Bilibili from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Daiwa Capital Markets cut Bilibili from an “outperform” rating to a “neutral” rating in a research report on Thursday. Finally, Sanford C. Bernstein boosted 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. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bilibili presently has an average rating of “Moderate Buy” and an average price target of $17.83.

Bilibili Stock Performance

Shares of BILI opened at $27.57 on Friday. The stock’s 50-day simple moving average is $16.36 and its 200 day simple moving average is $14.88. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of -16.51 and a beta of 0.83. Bilibili Inc. has a 52-week low of $8.80 and a 52-week high of $31.77.

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