Capricorn Fund Managers Ltd Acquires 722,945 Shares of Bilibili Inc. (NASDAQ:BILI)

Capricorn Fund Managers Ltd increased its holdings in Bilibili Inc. (NASDAQ:BILI) by 3,330.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 744,655 shares of the company’s stock after acquiring an additional 722,945 shares during the period. Bilibili comprises about 4.0% of Capricorn Fund Managers Ltd’s holdings, making the stock its 9th largest holding. Capricorn Fund Managers Ltd’s holdings in Bilibili were worth $11,244,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in Bilibili by 382.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock worth $27,000 after buying an additional 814 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Bilibili in the fourth quarter worth about $62,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Bilibili by 1,026.0% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 2,815 shares of the company’s stock worth $66,000 after acquiring an additional 2,565 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Bilibili by 24.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,299 shares of the company’s stock valued at $78,000 after acquiring an additional 648 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Bilibili by 25,800.0% in the 1st quarter. NewEdge Advisors LLC now owns 3,885 shares of the company’s stock valued at $91,000 after acquiring an additional 3,870 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Trading Down 0.9 %

Bilibili stock opened at $13.67 on Tuesday. The business has a 50 day moving average price of $15.84 and a two-hundred day moving average price of $17.95. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.19. Bilibili Inc. has a 12 month low of $8.23 and a 12 month high of $29.46.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, August 17th. The company reported ($2.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.52) by $0.19. Bilibili had a negative return on equity of 37.46% and a negative net margin of 24.04%. The business had revenue of $5.30 billion for the quarter, compared to analysts’ expectations of $5.31 billion. During the same period in the previous year, the business posted ($0.85) earnings per share. Bilibili’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts predict that Bilibili Inc. will post -1.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BILI shares. Barclays decreased their target price on Bilibili from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, August 18th. Benchmark reissued a “buy” rating and set a $35.00 target price on shares of Bilibili in a research report on Friday, August 18th. HSBC lowered their price target on Bilibili from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Tuesday, July 25th. JPMorgan Chase & Co. cut Bilibili from an “overweight” rating to an “underweight” rating and set a $13.00 price objective for the company. in a research report on Wednesday, July 26th. Finally, Bank of America lowered their target price on Bilibili from $24.00 to $22.00 in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.56.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.