Rakuten Securities Inc. Cuts Position in Bilibili Inc. (NASDAQ:BILI)

Rakuten Securities Inc. reduced its stake in shares of Bilibili Inc. (NASDAQ:BILI) by 21.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,712 shares of the company’s stock after selling 1,025 shares during the quarter. Rakuten Securities Inc.’s holdings in Bilibili were worth $87,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in shares of Bilibili during the first quarter valued at about $951,000. GSA Capital Partners LLP acquired a new stake in Bilibili in the first quarter valued at approximately $460,000. Acadian Asset Management LLC acquired a new position in shares of Bilibili during the first quarter worth $408,000. Natixis purchased a new stake in shares of Bilibili during the 1st quarter valued at $537,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of Bilibili in the 1st quarter worth $14,849,000. Institutional investors own 16.08% of the company’s stock.

Bilibili Trading Down 7.3 %

Bilibili stock opened at $21.08 on Wednesday. The firm has a market cap of $8.74 billion, a PE ratio of -15.78 and a beta of 0.86. The stock’s 50 day simple moving average is $20.25 and its two-hundred day simple moving average is $16.85. Bilibili Inc. has a 12 month low of $8.80 and a 12 month high of $31.77.

Bilibili (NASDAQ:BILI) last released its quarterly 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 net margin of 16.71% and a negative return on equity of 22.44%. The firm had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same quarter in the prior year, the business posted ($0.43) EPS. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts forecast that Bilibili Inc. will post -0.32 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays raised Bilibili from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $14.00 to $19.00 in a report on Friday, August 23rd. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Nomura Securities raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Nomura raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, August 22nd. Finally, The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and upped their target price for the company from $16.50 to $22.60 in a research report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.51.

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.