National Bank of Canada FI Makes New $3.12 Million Investment in Bilibili Inc. (NASDAQ:BILI)

National Bank of Canada FI bought a new position in Bilibili Inc. (NASDAQ:BILI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 203,747 shares of the company’s stock, valued at approximately $3,115,000.

Several other institutional investors also recently modified their holdings of the business. OLD Mission Capital LLC purchased a new position in Bilibili in the first quarter worth about $14,849,000. XY Capital Ltd purchased a new position in Bilibili during the 1st quarter valued at approximately $6,632,000. SIH Partners LLLP grew its holdings in Bilibili by 761.2% during the 1st quarter. SIH Partners LLLP now owns 486,220 shares of the company’s stock valued at $5,446,000 after buying an additional 429,760 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Bilibili in the 1st quarter worth approximately $3,918,000. Finally, LifePro Asset Management purchased a new position in shares of Bilibili in the 2nd quarter worth approximately $3,652,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BILI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price objective for the company in a report on Tuesday, June 18th. Benchmark boosted their price target on Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Daiwa America raised Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Daiwa Capital Markets raised Bilibili from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 22nd. Finally, Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.91.

Bilibili Trading Up 3.8 %

NASDAQ BILI opened at $15.63 on Thursday. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of -9.36 and a beta of 0.83. Bilibili Inc. has a twelve month low of $8.80 and a twelve month high of $18.19. The stock has a 50-day moving average of $15.00 and a 200 day moving average of $13.84.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results 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 business had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same period in the previous year, the company posted ($0.43) EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. Equities analysts predict that Bilibili Inc. will post -0.4 EPS for the current fiscal year.

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.