2,262 Shares in Bilibili Inc. (NASDAQ:BILI) Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC bought a new position in shares of Bilibili Inc. (NASDAQ:BILI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,262 shares of the company’s stock, valued at approximately $53,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BILI. Quarry LP bought a new position in Bilibili during the second quarter worth $29,336,000. First Beijing Investment Ltd increased its position in Bilibili by 96.2% during the third quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock worth $88,694,000 after acquiring an additional 1,860,496 shares during the period. BNP Paribas Financial Markets increased its position in Bilibili by 422.0% during the third quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock worth $52,747,000 after acquiring an additional 1,823,829 shares during the period. Two Sigma Advisers LP increased its position in Bilibili by 14,710.1% during the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock worth $41,205,000 after acquiring an additional 1,750,500 shares during the period. Finally, Jennison Associates LLC increased its position in 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 acquiring an additional 1,221,433 shares during the period. Institutional investors own 16.08% of the company’s stock.

Bilibili Stock Performance

Shares of NASDAQ:BILI opened at $19.21 on Tuesday. Bilibili Inc. has a 52 week low of $8.80 and a 52 week high of $31.77. The company’s fifty day moving average is $20.72 and its 200-day moving average is $17.69. The company has a market capitalization of $7.96 billion, a PE ratio of -20.88 and a beta of 0.80.

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, beating analysts’ consensus estimates 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 business had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.14 billion. During the same period in the previous year, the business posted ($0.39) earnings per share. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. On average, analysts forecast that Bilibili Inc. will post -0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BILI shares. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, August 22nd. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Barclays lifted their price target on shares of Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. The Goldman Sachs Group upgraded shares of 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 research note on Thursday, September 26th. Finally, Bank of America lifted their price target on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research note on Friday, October 25th. 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.