Vontobel Holding Ltd. Grows Holdings in Bilibili Inc. (NASDAQ:BILI)

Vontobel Holding Ltd. raised its position in Bilibili Inc. (NASDAQ:BILI) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,439 shares of the company’s stock after purchasing an additional 1,424 shares during the period. Vontobel Holding Ltd.’s holdings in Bilibili were worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Bilibili during the 3rd quarter valued at about $3,043,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Bilibili by 30.7% during 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 acquiring an additional 161,396 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Bilibili by 3.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company’s stock valued at $52,191,000 after acquiring an additional 143,881 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of Bilibili by 71.2% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 288,649 shares of the company’s stock valued at $3,972,000 after acquiring an additional 120,000 shares during the last quarter. Finally, XY Capital Ltd acquired a new stake in Bilibili during the 3rd quarter worth approximately $1,488,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Bilibili Trading Down 2.1 %

Bilibili stock opened at $11.49 on Wednesday. The stock has a market cap of $4.74 billion, a P/E ratio of -7.01 and a beta of 0.99. The stock has a 50 day moving average of $11.03 and a 200-day moving average of $11.67. Bilibili Inc. has a 52 week low of $8.80 and a 52 week high of $20.60.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The business had revenue of $881.13 million for the quarter, compared to analysts’ expectations of $891.61 million. Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. As a group, equities analysts predict that Bilibili Inc. will post -0.54 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.