Headlands Technologies LLC Buys Shares of 8,202 Bilibili Inc. (NASDAQ:BILI)

Headlands Technologies LLC bought a new position in shares of Bilibili Inc. (NASDAQ:BILI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,202 shares of the company’s stock, valued at approximately $100,000.

Several other large investors have also recently modified their holdings of the business. Mizuho Securities Co. Ltd. bought a new position in Bilibili during the 4th quarter worth $55,000. Daiwa Securities Group Inc. increased its stake in shares of Bilibili by 29.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after buying an additional 1,569 shares during the period. Rakuten Securities Inc. bought a new position in shares of Bilibili during the fourth quarter worth about $101,000. Vontobel Holding Ltd. lifted its stake in shares of Bilibili by 4.1% in the fourth quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company’s stock worth $443,000 after acquiring an additional 1,424 shares during the period. Finally, Altfest L J & Co. Inc. boosted its holdings in Bilibili by 21.9% in the fourth quarter. Altfest L J & Co. Inc. now owns 36,579 shares of the company’s stock valued at $445,000 after acquiring an additional 6,573 shares during the last quarter. Institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of BILI opened at $13.35 on Tuesday. The stock has a 50-day moving average of $11.24 and a 200-day moving average of $11.64. Bilibili Inc. has a one year low of $8.80 and a one year high of $20.56. The company has a market cap of $5.50 billion, a PE ratio of -8.14 and a beta of 0.99.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. The firm had revenue of $881.13 million during the quarter, compared to analyst estimates of $891.61 million. Analysts expect that Bilibili Inc. will post -0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BILI. Daiwa Capital Markets downgraded shares of Bilibili from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. Mizuho cut their price target on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, January 17th. Citigroup lowered Bilibili from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $18.00 to $12.50 in a research report on Monday, March 11th. Finally, JPMorgan Chase & Co. upgraded Bilibili from an “underweight” rating to a “neutral” rating and upped their target price for the company from $10.00 to $11.00 in a research report on Monday, March 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Bilibili has an average rating of “Hold” and an average price target of $15.26.

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.