Natixis Advisors LLC Takes Position in Bilibili Inc. (NASDAQ:BILI)

Natixis Advisors LLC acquired a new position in shares of Bilibili Inc. (NASDAQ:BILI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,642 shares of the company’s stock, valued at approximately $272,000.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. raised its stake in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after acquiring an additional 891 shares during the period. CWM LLC boosted its holdings in shares of Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after acquiring an additional 853 shares during the period. Venturi Wealth Management LLC acquired a new position in Bilibili in the 3rd quarter valued at $63,000. Assetmark Inc. bought a new position in Bilibili during the 3rd quarter worth $159,000. Finally, Signaturefd LLC boosted its holdings in Bilibili by 6.5% in the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after purchasing an additional 598 shares during the period. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Trading Up 4.4 %

Shares of Bilibili stock opened at $18.87 on Friday. The company’s fifty day simple moving average is $21.27 and its two-hundred day simple moving average is $17.28. The company has a market cap of $7.82 billion, a P/E ratio of -20.51 and a beta of 0.86. Bilibili Inc. has a 12-month low of $8.80 and a 12-month high of $31.77.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, November 14th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The company had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same period in the prior year, the firm posted ($0.39) EPS. Bilibili’s revenue for the quarter was up 25.8% on a year-over-year basis. Analysts predict that Bilibili Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Benchmark upped their price target on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Morgan Stanley assumed coverage on shares of Bilibili in a research report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price for the company. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Mizuho lifted their price target on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Sanford C. Bernstein lifted their price objective on shares of Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Bilibili presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

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.