Bilibili Inc. (NASDAQ:BILI) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC boosted its stake in Bilibili Inc. (NASDAQ:BILI) by 208.4% during the third quarter, Holdings Channel.com reports. The fund owned 1,807,524 shares of the company’s stock after purchasing an additional 1,221,433 shares during the quarter. Jennison Associates LLC’s holdings in Bilibili were worth $42,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BILI. Signaturefd LLC grew its position in shares of Bilibili by 6.5% in the third quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after purchasing an additional 598 shares during the period. CWM LLC increased its stake in Bilibili by 61.9% during the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after buying an additional 853 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after acquiring an additional 891 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Bilibili by 4.9% during the second quarter. SG Americas Securities LLC now owns 33,711 shares of the company’s stock valued at $520,000 after acquiring an additional 1,569 shares during the last quarter. Finally, Creative Planning lifted its position in shares of Bilibili by 6.7% in the second quarter. Creative Planning now owns 25,819 shares of the company’s stock valued at $399,000 after acquiring an additional 1,632 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BILI. The Goldman Sachs Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and increased their target price for the company from $16.50 to $22.60 in a research report on Thursday, September 26th. Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Barclays upped their target price on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a report on Monday. Mizuho boosted their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.69.

Bilibili Stock Down 1.6 %

NASDAQ:BILI opened at $18.88 on Friday. Bilibili Inc. has a 52-week low of $8.80 and a 52-week high of $31.77. The stock has a fifty day simple moving average of $20.85 and a 200-day simple moving average of $17.12. The company has a market capitalization of $7.82 billion, a PE ratio of -20.86 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.47. The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. Bilibili’s revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.39) earnings per share. As a group, equities 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.