Bilibili Inc. (NASDAQ:BILI) Shares Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. boosted its position in shares of Bilibili Inc. (NASDAQ:BILI) by 145.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 9,124 shares of the company’s stock after acquiring an additional 5,412 shares during the quarter. Rakuten Securities Inc.’s holdings in Bilibili were worth $165,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Bilibili during the fourth quarter worth about $2,716,000. SBI Securities Co. Ltd. purchased a new position in Bilibili during the 4th quarter worth approximately $354,000. Yong Rong HK Asset Management Ltd lifted its stake in Bilibili by 50.0% during the 4th quarter. Yong Rong HK Asset Management Ltd now owns 150,000 shares of the company’s stock valued at $2,717,000 after acquiring an additional 50,000 shares during the period. Vontobel Holding Ltd. acquired a new stake in Bilibili during the 4th quarter valued at approximately $340,000. Finally, Ping Capital Management Inc. boosted its holdings in shares of Bilibili by 75.0% in the 4th quarter. Ping Capital Management Inc. now owns 35,000 shares of the company’s stock valued at $634,000 after acquiring an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Trading Down 6.5 %

Shares of NASDAQ:BILI opened at $21.29 on Thursday. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of -47.31 and a beta of 0.93. The business’s 50 day moving average price is $18.88 and its 200-day moving average price is $19.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. Bilibili Inc. has a 1 year low of $10.37 and a 1 year high of $31.77.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. On average, equities research analysts forecast that Bilibili Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BILI. Nomura Securities cut shares of Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Barclays upped their target price on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Benchmark raised their target price on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Bilibili presently has an average rating of “Moderate Buy” and a consensus price target of $21.11.

About Bilibili

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.