BlackRock Inc. raised its position in Bilibili Inc – (NASDAQ:BILI) by 31.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,921,432 shares of the company’s stock after acquiring an additional 458,999 shares during the period. BlackRock Inc. owned about 0.69% of Bilibili worth $28,034,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC acquired a new stake in shares of Bilibili during the third quarter valued at $2,191,000. Point72 Asset Management L.P. acquired a new stake in shares of Bilibili during the third quarter valued at $3,586,000. B. Riley Wealth Management Inc. acquired a new stake in shares of Bilibili during the third quarter valued at $168,000. Vanguard Group Inc. acquired a new stake in shares of Bilibili during the third quarter valued at $16,513,000. Finally, Vanguard Group Inc acquired a new stake in shares of Bilibili during the third quarter valued at $16,513,000. Institutional investors own 21.10% of the company’s stock.
A number of analysts recently commented on BILI shares. Morgan Stanley raised Bilibili from an “equal weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a research note on Tuesday, January 8th. Zacks Investment Research lowered Bilibili from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Daiwa Capital Markets initiated coverage on Bilibili in a research note on Monday, January 14th. They issued an “outperform” rating on the stock. Citigroup initiated coverage on Bilibili in a research note on Thursday, January 31st. They issued a “buy” rating and a $22.00 price target on the stock. Finally, China Renaissance Securities initiated coverage on Bilibili in a research note on Wednesday, February 27th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. Bilibili presently has a consensus rating of “Buy” and a consensus target price of $20.00.
Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Wednesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.06 billion. Bilibili had a negative return on equity of 16.26% and a negative net margin of 14.84%. The firm’s revenue was up 57.5% on a year-over-year basis. On average, equities analysts predict that Bilibili Inc – will post -0.52 earnings per share for the current year.
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Bilibili Company Profile
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.
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