Vanguard Personalized Indexing Management LLC Has $272,000 Stock Position in Bilibili Inc. (NASDAQ:BILI)

Vanguard Personalized Indexing Management LLC increased its position in shares of Bilibili Inc. (NASDAQ:BILI) by 10.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,610 shares of the company’s stock after purchasing an additional 1,650 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Bilibili were worth $272,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BILI. Parallel Advisors LLC increased its position in shares of Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after purchasing an additional 1,734 shares in the last quarter. XY Capital Ltd bought a new stake in Bilibili during the 1st quarter worth about $6,632,000. SpiderRock Advisors LLC acquired a new stake in Bilibili in the 1st quarter valued at about $1,421,000. BNP Paribas Financial Markets raised its stake in shares of Bilibili by 62.6% in the first quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company’s stock worth $3,483,000 after acquiring an additional 119,747 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Bilibili during the first quarter worth approximately $951,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Up 8.7 %

Shares of Bilibili stock opened at $22.92 on Monday. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $23.03. The business has a fifty day simple moving average of $15.16 and a 200 day simple moving average of $14.38. The stock has a market cap of $9.47 billion, a PE ratio of -13.72 and a beta of 0.83.

Bilibili (NASDAQ:BILI) last posted its earnings results 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). Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. 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 firm posted ($0.43) earnings per share. The firm’s revenue was up 15.5% on a year-over-year basis. Analysts expect that Bilibili Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BILI has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price objective for the company in a research report on Tuesday, June 18th. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 22nd. Bank of America raised their price target on Bilibili from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. Finally, The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $16.50 to $22.60 in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Bilibili currently has an average rating of “Moderate Buy” and a consensus price target of $17.83.

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.