Venturi Wealth Management LLC Buys Shares of 2,706 Bilibili Inc. (NASDAQ:BILI)

Venturi Wealth Management LLC purchased a new position in shares of Bilibili Inc. (NASDAQ:BILI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,706 shares of the company’s stock, valued at approximately $63,000.

A number of other large investors have also made changes to their positions in the stock. Acadian Asset Management LLC acquired a new stake in shares of Bilibili during the 1st quarter valued at approximately $408,000. Natixis purchased a new stake in Bilibili during the first quarter worth $537,000. OLD Mission Capital LLC acquired a new stake in Bilibili in the first quarter valued at $14,849,000. Quadrature Capital Ltd purchased a new position in shares of Bilibili in the first quarter valued at $456,000. Finally, Sandia Investment Management LP acquired a new position in shares of Bilibili during the 1st quarter worth $112,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Analyst Upgrades and Downgrades

BILI has been the topic of a number of research reports. The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and increased their price objective for the company from $16.50 to $22.60 in a research note on Thursday, September 26th. Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Morgan Stanley assumed coverage on Bilibili in a research report on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Finally, Nomura raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.24.

Bilibili Stock Down 1.6 %

Shares of BILI opened at $18.30 on Friday. Bilibili Inc. has a fifty-two week low of $8.80 and a fifty-two week high of $31.77. The company’s fifty day moving average is $20.57 and its two-hundred day moving average is $16.95. The firm has a market cap of $7.58 billion, a PE ratio of -13.66 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The firm had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. Bilibili’s revenue was up 15.5% on a year-over-year basis. During the same period last year, the firm posted ($0.43) EPS. As a group, equities research analysts anticipate that Bilibili Inc. will post -0.32 earnings per share for the current 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.