Mizuho Securities Co. Ltd. Takes Position in Bilibili Inc. (NASDAQ:BILI)

Mizuho Securities Co. Ltd. bought a new stake in Bilibili Inc. (NASDAQ:BILI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,500 shares of the company’s stock, valued at approximately $55,000.

A number of other hedge funds have also recently added to or reduced their stakes in BILI. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Bilibili during the third quarter worth approximately $3,043,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Bilibili by 30.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 687,069 shares of the company’s stock worth $9,461,000 after purchasing an additional 161,396 shares during the period. Artisan Partners Limited Partnership boosted its position in Bilibili by 3.9% during the third quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company’s stock worth $52,191,000 after purchasing an additional 143,881 shares during the period. Harvest Fund Management Co. Ltd boosted its position in Bilibili by 71.2% during the third quarter. Harvest Fund Management Co. Ltd now owns 288,649 shares of the company’s stock worth $3,972,000 after purchasing an additional 120,000 shares during the period. Finally, XY Capital Ltd bought a new stake in Bilibili during the third quarter worth approximately $1,488,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Wall Street Analyst Weigh In

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

Bilibili Stock Down 2.1 %

Bilibili stock traded down $0.25 during mid-day trading on Tuesday, hitting $11.49. 16,499,291 shares of the company were exchanged, compared to its average volume of 7,058,514. The business has a fifty day moving average of $11.03 and a 200 day moving average of $11.67. Bilibili Inc. has a 1-year low of $8.80 and a 1-year high of $20.60. The company has a market capitalization of $4.74 billion, a PE ratio of -7.01 and a beta of 0.99.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.03). Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. The company had revenue of $881.13 million for the quarter, compared to analyst estimates of $891.61 million. Research analysts expect that Bilibili Inc. will post -0.54 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.