Assetmark Inc. Purchases Shares of 6,814 Bilibili Inc. (NASDAQ:BILI)

Assetmark Inc. purchased a new stake in Bilibili Inc. (NASDAQ:BILI) in the third quarter, HoldingsChannel.com reports. The firm purchased 6,814 shares of the company’s stock, valued at approximately $159,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after purchasing an additional 891 shares during the last quarter. CWM LLC raised its stake in shares of Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares during the last quarter. Signaturefd LLC raised its stake in shares of Bilibili by 6.5% in the third quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock worth $228,000 after purchasing an additional 598 shares during the last quarter. Sandia Investment Management LP purchased a new position in shares of Bilibili in the first quarter worth about $112,000. Finally, Beck Bode LLC purchased a new position in shares of Bilibili in the second quarter worth about $165,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on BILI shares. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Nomura raised Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, August 22nd. Benchmark boosted their price target on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a report on Friday. Sanford C. Bernstein boosted their price target on Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Finally, Bank of America boosted their price target on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Three research 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 has an average rating of “Moderate Buy” and a consensus price target of $19.24.

Bilibili Stock Performance

BILI opened at $18.30 on Monday. Bilibili Inc. has a one year low of $8.80 and a one year high of $31.77. The company has a market cap of $7.58 billion, a P/E ratio of -19.89 and a beta of 0.86. The business’s 50-day simple moving average is $20.63 and its 200-day simple moving average is $17.02.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.47. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.14 billion. Bilibili had a negative return on equity of 15.10% and a negative net margin of 10.73%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.39) EPS. As a group, analysts predict that Bilibili Inc. will post -0.32 earnings per share for the current fiscal year.

Bilibili 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.