Bilibili Inc. (NASDAQ:BILI) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lowered its position in Bilibili Inc. (NASDAQ:BILI) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,639 shares of the company’s stock after selling 1,632 shares during the period. Penserra Capital Management LLC’s holdings in Bilibili were worth $1,604,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. First Beijing Investment Ltd lifted 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 buying an additional 1,860,496 shares during the period. Quarry LP acquired a new stake in Bilibili in the second quarter valued at $29,336,000. Jennison Associates LLC boosted its position in shares of Bilibili by 208.4% during the 3rd 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. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Bilibili by 31.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock worth $30,258,000 after purchasing an additional 311,073 shares during the period. Finally, SIH Partners LLLP increased its holdings in shares of Bilibili by 145.9% in the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock valued at $18,457,000 after purchasing an additional 709,200 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Wall Street Analysts Forecast Growth

BILI has been the topic of a number of research analyst reports. Benchmark boosted their price objective on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Bank of America upped their price target on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, Nomura upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Bilibili currently has a consensus rating of “Moderate Buy” and an average price target of $19.69.

Bilibili Stock Down 1.7 %

BILI opened at $18.07 on Wednesday. The firm has a market cap of $7.49 billion, a P/E ratio of -19.64 and a beta of 0.86. The business’s fifty day simple moving average is $21.06 and its 200 day simple moving average is $17.23. Bilibili Inc. has a 52 week low of $8.80 and a 52 week high of $31.77.

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 the consensus estimate of $0.10 by $0.47. The company had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.14 billion. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period last year, the company earned ($0.39) EPS. As a group, equities analysts expect that Bilibili Inc. will post -0.32 EPS for the current fiscal 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.