Bilibili Inc. (NASDAQ:BILI) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Bilibili Inc. (NASDAQ:BILI) by 26.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,528 shares of the company’s stock after purchasing an additional 735 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Bilibili were worth $82,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BILI. Quarry LP purchased a new position in Bilibili in the second quarter worth approximately $29,336,000. First Beijing Investment Ltd raised its holdings in shares of Bilibili by 96.2% in the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after purchasing an additional 1,860,496 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Bilibili by 422.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock worth $52,747,000 after purchasing an additional 1,823,829 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Bilibili by 208.4% during the third quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock worth $42,260,000 after purchasing an additional 1,221,433 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in Bilibili by 385.3% in the second quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock valued at $15,162,000 after buying an additional 779,614 shares during the last quarter. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $16.50 to $22.60 in a report on Thursday, September 26th. Mizuho upped their price target on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays raised their price objective on shares of Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Bank of America upped their target price on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Benchmark lifted their price target on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Three research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

Bilibili Stock Performance

Shares of BILI opened at $19.59 on Friday. Bilibili Inc. has a fifty-two week low of $8.80 and a fifty-two week high of $31.77. The firm has a 50-day simple moving average of $20.33 and a 200-day simple moving average of $17.84. The company has a market capitalization of $8.12 billion, a price-to-earnings ratio of -21.29 and a beta of 0.80.

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