Natixis Acquires New Position in Bilibili Inc. (NASDAQ:BILI)

Natixis acquired a new stake in Bilibili Inc. (NASDAQ:BILI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,984 shares of the company’s stock, valued at approximately $537,000.

A number of other hedge funds have also recently added to or reduced their stakes in BILI. SG Americas Securities LLC lifted its position in shares of Bilibili by 102.0% during the 4th quarter. SG Americas Securities LLC now owns 80,257 shares of the company’s stock valued at $977,000 after acquiring an additional 40,523 shares during the period. Altfest L J & Co. Inc. lifted its position in shares of Bilibili by 21.9% during the 4th quarter. Altfest L J & Co. Inc. now owns 36,579 shares of the company’s stock valued at $445,000 after acquiring an additional 6,573 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Bilibili by 4.1% during the 4th quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company’s stock valued at $443,000 after acquiring an additional 1,424 shares during the period. Rakuten Securities Inc. purchased a new position in shares of Bilibili during the 4th quarter worth approximately $101,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Bilibili by 29.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock worth $85,000 after purchasing an additional 1,569 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Wall Street Analyst Weigh In

BILI has been the subject of a number of recent research reports. Benchmark raised their price objective on shares of Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price objective for the company in a research note on Tuesday, June 18th. Mizuho raised their price objective on shares of Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Barclays raised shares of Bilibili from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $10.00 to $14.00 in a research note on Friday, May 24th. Finally, UBS Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $11.90 to $18.00 in a research note on Friday, May 31st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.01.

Bilibili Stock Up 2.3 %

Shares of NASDAQ BILI traded up $0.34 during trading on Friday, hitting $14.95. 895,366 shares of the company traded hands, compared to its average volume of 7,027,247. Bilibili Inc. has a 1 year low of $8.80 and a 1 year high of $19.15. The company has a 50-day moving average price of $15.52 and a 200-day moving average price of $12.74.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, May 23rd. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.02. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.46%. The business had revenue of $791.16 million for the quarter, compared to analyst estimates of $775.06 million. On average, analysts anticipate that Bilibili Inc. will post -0.46 EPS 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.