Vaughan Nelson Investment Management L.P. Makes New $1.19 Million Investment in Bilibili Inc. (NASDAQ:BILI)

Vaughan Nelson Investment Management L.P. bought a new position in Bilibili Inc. (NASDAQ:BILI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 50,862 shares of the company’s stock, valued at approximately $1,189,000.

A number of other institutional investors and hedge funds have also modified their holdings of BILI. Signaturefd LLC boosted its stake in shares of Bilibili by 6.5% in the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock worth $228,000 after buying an additional 598 shares during the last quarter. CWM LLC boosted its position in Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after purchasing an additional 891 shares during the period. SG Americas Securities LLC increased its position in shares of Bilibili by 4.9% during the 2nd quarter. SG Americas Securities LLC now owns 33,711 shares of the company’s stock valued at $520,000 after purchasing an additional 1,569 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of Bilibili by 6.7% in the 2nd quarter. Creative Planning now owns 25,819 shares of the company’s stock worth $399,000 after purchasing an additional 1,632 shares during the period. Institutional investors own 16.08% of the company’s stock.

Analyst Ratings Changes

BILI has been the subject of a number of research reports. Barclays raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $14.00 to $19.00 in a report on Friday, August 23rd. Bank of America upped their price objective on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research note on Friday, October 25th. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, Mizuho upped their price target on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.24.

Bilibili Stock Performance

NASDAQ BILI opened at $18.30 on Monday. Bilibili Inc. has a 52-week low of $8.80 and a 52-week high of $31.77. The firm’s 50 day moving average price is $20.63 and its 200-day moving average price is $17.02. The company has a market cap of $7.58 billion, a PE ratio of -19.89 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.10%. The company had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.14 billion. During the same quarter in the prior year, the company posted ($0.39) earnings per share. Bilibili’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 -0.32 earnings per share for the current fiscal 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.