Ping Capital Management Inc. Increases Stake in Bilibili Inc. (NASDAQ:BILI)

Ping Capital Management Inc. raised its stake in shares of Bilibili Inc. (NASDAQ:BILI) by 75.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,000 shares of the company’s stock after purchasing an additional 15,000 shares during the period. Ping Capital Management Inc.’s holdings in Bilibili were worth $634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC lifted its stake in shares of Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after purchasing an additional 1,436 shares in the last quarter. Blue Trust Inc. boosted its holdings in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after acquiring an additional 891 shares during the period. TD Private Client Wealth LLC acquired a new position in shares of Bilibili during the third quarter worth $53,000. Venturi Wealth Management LLC purchased a new position in shares of Bilibili in the third quarter valued at $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Bilibili by 26.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after purchasing an additional 735 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Stock Performance

Shares of NASDAQ:BILI opened at $17.66 on Wednesday. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of -19.20 and a beta of 0.81. Bilibili Inc. has a 1-year low of $8.87 and a 1-year high of $31.77. The company has a 50 day moving average price of $18.25 and a 200 day moving average price of $18.19.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BILI shares. Benchmark raised their target price on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Barclays raised their price objective on shares of Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, Bank of America boosted their price target on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

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.