Beck Bode LLC Invests $165,000 in Bilibili Inc. (NASDAQ:BILI)

Beck Bode LLC acquired a new stake in Bilibili Inc. (NASDAQ:BILI) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,701 shares of the company’s stock, valued at approximately $165,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC raised its position in shares of Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after purchasing an additional 853 shares during the period. Parallel Advisors LLC raised its holdings in Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after acquiring an additional 1,734 shares during the period. Sandia Investment Management LP acquired a new position in Bilibili during the 1st quarter worth $112,000. Quadrant Capital Group LLC boosted its holdings in Bilibili by 19.3% during the fourth quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock valued at $125,000 after acquiring an additional 1,667 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Bilibili by 10.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock valued at $272,000 after purchasing an additional 1,650 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Stock Up 3.2 %

Shares of BILI opened at $15.14 on Wednesday. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $18.19. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of -9.07 and a beta of 0.83. The company has a 50-day moving average price of $14.88 and a two-hundred day moving average price of $14.03.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter last year, the business earned ($0.43) EPS. Bilibili’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities research analysts expect that Bilibili Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BILI. Benchmark boosted their price objective on Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Daiwa America raised Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 22nd. UBS Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $11.90 to $18.00 in a research report on Friday, May 31st. Finally, JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price target for the company in a report on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.91.

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.