17,600 Shares in Bilibili Inc. (NASDAQ:BILI) Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management purchased a new position in Bilibili Inc. (NASDAQ:BILI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,600 shares of the company’s stock, valued at approximately $2,145,000.

A number of other large investors have also bought and sold shares of BILI. Sowell Financial Services LLC acquired a new position in Bilibili in the first quarter worth about $27,000. Acadian Asset Management LLC acquired a new position in Bilibili in the first quarter worth about $27,000. JTC Employer Solutions Trusteee Ltd acquired a new position in Bilibili in the second quarter worth about $49,000. Quadrant Capital Group LLC raised its position in Bilibili by 106.1% in the first quarter. Quadrant Capital Group LLC now owns 470 shares of the company’s stock worth $50,000 after purchasing an additional 242 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Bilibili by 258.9% in the second quarter. Parallel Advisors LLC now owns 506 shares of the company’s stock worth $62,000 after purchasing an additional 365 shares in the last quarter. 48.13% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on BILI. KGI Securities began coverage on shares of Bilibili in a report on Monday, September 6th. They set an “outperform” rating for the company. HSBC dropped their price objective on shares of Bilibili from $140.00 to $127.00 and set a “buy” rating for the company in a report on Friday, August 20th. CLSA dropped their price objective on shares of Bilibili from $114.00 to $76.50 and set an “outperform” rating for the company in a report on Friday, August 20th. The Goldman Sachs Group dropped their price objective on shares of Bilibili from $122.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, August 24th. Finally, Zacks Investment Research raised shares of Bilibili from a “sell” rating to a “hold” rating in a report on Thursday, August 26th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $97.75.

BILI opened at $70.56 on Wednesday. Bilibili Inc. has a one year low of $40.40 and a one year high of $157.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 3.50. The company’s 50 day simple moving average is $83.97 and its 200-day simple moving average is $99.58. The stock has a market capitalization of $22.01 billion, a P/E ratio of -42.76 and a beta of 1.19.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Wednesday, August 18th. The company reported ($2.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($1.68). Bilibili had a negative net margin of 25.45% and a negative return on equity of 23.68%. The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the business posted ($1.35) earnings per share. Bilibili’s revenue was up 71.7% compared to the same quarter last year. As a group, analysts anticipate that Bilibili Inc. will post -2.28 EPS for the current year.

Bilibili Company Profile

Bilibili, Inc is a holding company, which represents the iconic brand of online entertainment for young generations in China. It offers a wide array of content serving young generations’ diverse interests. The firm enables broad video-based content consumption scenarios centered around professional user generated videos, or professional user generated videos (PUGV), supplemented with live broadcasting, occupationally generated videos, or occupationally generated videos (OGV), and more.

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Institutional Ownership by Quarter for Bilibili (NASDAQ:BILI)

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