Rakuten Securities Inc. Purchases Shares of 8,268 Bilibili Inc. (NASDAQ:BILI)

Rakuten Securities Inc. purchased a new stake in Bilibili Inc. (NASDAQ:BILI) in the fourth quarter, HoldingsChannel reports. The fund purchased 8,268 shares of the company’s stock, valued at approximately $101,000.

Other hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Bilibili in the 3rd quarter valued at $3,043,000. SG Americas Securities LLC boosted its holdings in Bilibili by 102.0% in the 4th quarter. SG Americas Securities LLC now owns 80,257 shares of the company’s stock valued at $977,000 after purchasing an additional 40,523 shares during the period. XY Capital Ltd bought a new stake in Bilibili in the 3rd quarter valued at $1,488,000. Artisan Partners Limited Partnership boosted its holdings in Bilibili by 3.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company’s stock valued at $52,191,000 after purchasing an additional 143,881 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Bilibili by 30.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 687,069 shares of the company’s stock valued at $9,461,000 after purchasing an additional 161,396 shares during the period. 16.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on BILI. Mizuho reduced their price target on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, January 17th. Daiwa Capital Markets downgraded shares of Bilibili from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. JPMorgan Chase & Co. raised shares of Bilibili from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $10.00 to $11.00 in a report on Monday, March 11th. Finally, Citigroup downgraded shares of Bilibili from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $12.50 in a report on Monday, March 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.26.

Bilibili Price Performance

Shares of BILI stock opened at $11.03 on Thursday. Bilibili Inc. has a 12-month low of $8.80 and a 12-month high of $21.92. The firm has a 50-day moving average price of $10.89 and a 200 day moving average price of $11.74.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.03). Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. The firm had revenue of $881.13 million for the quarter, compared to the consensus estimate of $891.61 million. On average, research analysts predict that Bilibili Inc. will post -0.54 EPS 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.