BNP Paribas Financial Markets Buys 1,823,829 Shares of Bilibili Inc. (NASDAQ:BILI)

BNP Paribas Financial Markets increased its stake in Bilibili Inc. (NASDAQ:BILI) by 422.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,256,058 shares of the company’s stock after acquiring an additional 1,823,829 shares during the quarter. BNP Paribas Financial Markets owned about 0.54% of Bilibili worth $52,747,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BILI. First Beijing Investment Ltd grew its stake in Bilibili by 96.2% during the third quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock worth $88,694,000 after purchasing an additional 1,860,496 shares during the period. Quarry LP acquired a new stake in shares of Bilibili during the 2nd quarter worth approximately $29,336,000. Jennison Associates LLC increased its stake in shares of Bilibili by 208.4% in the 3rd quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock valued at $42,260,000 after acquiring an additional 1,221,433 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Bilibili by 31.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock valued at $30,258,000 after acquiring an additional 311,073 shares during the period. Finally, SIH Partners LLLP increased its stake in Bilibili by 145.9% in the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock valued at $18,457,000 after purchasing an additional 709,200 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Trading Up 4.4 %

Shares of BILI opened at $18.87 on Friday. The stock has a 50 day moving average of $21.27 and a 200 day moving average of $17.28. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $31.77. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of -20.51 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.47. The firm had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.39) EPS. As a group, equities research analysts predict that Bilibili Inc. will post -0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BILI. Barclays increased their price objective on shares of Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Morgan Stanley assumed coverage on Bilibili in a report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price objective for the company. Bank of America increased their target price on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Mizuho upped their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Three investment 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.69.

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.