Bilibili Inc. (NASDAQ:BILI) Shares Bought by KBC Group NV

KBC Group NV increased its holdings in shares of Bilibili Inc. (NASDAQ:BILI) by 90.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,683 shares of the company’s stock after buying an additional 5,086 shares during the quarter. KBC Group NV’s holdings in Bilibili were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in shares of Bilibili by 227.3% during 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 in the last quarter. CWM LLC raised its holdings 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 buying an additional 853 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Bilibili during the third quarter worth $63,000. Sandia Investment Management LP purchased a new stake in shares of Bilibili during the first quarter valued at $112,000. Finally, Assetmark Inc. acquired a new position in shares of Bilibili in the 3rd quarter valued at $159,000. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Trading Down 3.0 %

NASDAQ BILI opened at $18.52 on Wednesday. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of -20.13 and a beta of 0.86. The stock has a 50-day moving average of $20.71 and a 200 day moving average of $17.08. Bilibili Inc. has a twelve month low of $8.80 and a twelve month high of $31.77.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data 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 business 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 firm posted ($0.39) earnings per share. The company’s revenue was up 25.8% compared to the same quarter last year. Equities analysts predict that Bilibili Inc. will post -0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. 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 research note on Friday, August 23rd. The Goldman Sachs Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and increased their price target for the stock from $16.50 to $22.60 in a report on Thursday, September 26th. Barclays upped their price objective on shares of Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a report on Monday. Mizuho raised their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley started coverage on Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price objective for the company. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.69.

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.