Fox Run Management L.L.C. Buys Shares of 40,206 Bilibili Inc. (NASDAQ:BILI)

Fox Run Management L.L.C. bought a new stake in Bilibili Inc. (NASDAQ:BILI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 40,206 shares of the company’s stock, valued at approximately $728,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quantbot Technologies LP grew its holdings in Bilibili by 15.9% in the 4th quarter. Quantbot Technologies LP now owns 45,655 shares of the company’s stock valued at $827,000 after buying an additional 6,255 shares during the last quarter. Natixis Advisors LLC grew its holdings in Bilibili by 206.8% in the 4th quarter. Natixis Advisors LLC now owns 35,721 shares of the company’s stock valued at $647,000 after buying an additional 24,079 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Bilibili by 16.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company’s stock valued at $27,240,000 after buying an additional 209,963 shares during the last quarter. Rakuten Securities Inc. lifted its position in shares of Bilibili by 145.8% in the 4th quarter. Rakuten Securities Inc. now owns 9,124 shares of the company’s stock worth $165,000 after acquiring an additional 5,412 shares during the period. Finally, Prescott Group Capital Management L.L.C. bought a new stake in shares of Bilibili in the 4th quarter worth approximately $2,716,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BILI. Nomura Securities downgraded Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Benchmark lifted their price objective on Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Barclays lifted their price objective on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.11.

Bilibili Trading Down 1.4 %

NASDAQ BILI opened at $19.87 on Monday. The stock has a 50-day simple moving average of $19.47 and a 200 day simple moving average of $19.65. The company has a market capitalization of $8.23 billion, a PE ratio of -44.16 and a beta of 0.93. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. Bilibili Inc. has a 12 month low of $10.37 and a 12 month high of $31.77.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. Research analysts forecast that Bilibili Inc. will post 0.16 EPS for the current year.

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.