Quantbot Technologies LP Purchases Shares of 39,400 Bilibili Inc. (NASDAQ:BILI)

Quantbot Technologies LP acquired a new stake in shares of Bilibili Inc. (NASDAQ:BILI) in the third quarter, HoldingsChannel.com reports. The firm acquired 39,400 shares of the company’s stock, valued at approximately $921,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BILI. Signaturefd LLC increased its position in shares of Bilibili by 6.5% during the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock worth $228,000 after purchasing an additional 598 shares in the last quarter. CWM LLC increased its holdings 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 buying an additional 853 shares in the last quarter. 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 valued at $30,000 after acquiring an additional 891 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Bilibili by 4.9% in the 2nd quarter. SG Americas Securities LLC now owns 33,711 shares of the company’s stock worth $520,000 after acquiring an additional 1,569 shares in the last quarter. Finally, Creative Planning grew its position in Bilibili by 6.7% during the 2nd quarter. Creative Planning now owns 25,819 shares of the company’s stock worth $399,000 after acquiring an additional 1,632 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Performance

Shares of Bilibili stock opened at $19.17 on Monday. Bilibili Inc. has a 52 week low of $8.80 and a 52 week high of $31.77. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of -20.84 and a beta of 0.86. The firm has a fifty day moving average of $21.33 and a two-hundred day moving average of $17.33.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.14 billion. During the same quarter in the previous year, the business earned ($0.39) EPS. The firm’s revenue was up 25.8% on a year-over-year basis. As a group, research analysts forecast that Bilibili Inc. will post -0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on BILI. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.50 to $22.60 in a research report on Thursday, September 26th. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, August 22nd. Finally, Mizuho raised their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

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.