Quadrant Capital Group LLC Acquires 1,667 Shares of Bilibili Inc. (NASDAQ:BILI)

Quadrant Capital Group LLC boosted its holdings in Bilibili Inc. (NASDAQ:BILI) by 19.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,283 shares of the company’s stock after purchasing an additional 1,667 shares during the quarter. Quadrant Capital Group LLC’s holdings in Bilibili were worth $125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. bought a new position in Bilibili in the 4th quarter worth approximately $55,000. Daiwa Securities Group Inc. boosted its stake in Bilibili by 29.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock worth $85,000 after purchasing an additional 1,569 shares during the period. Headlands Technologies LLC bought a new position in Bilibili in the 4th quarter worth approximately $100,000. Rakuten Securities Inc. bought a new position in Bilibili in the 4th quarter worth approximately $101,000. Finally, Principal Financial Group Inc. boosted its stake in Bilibili by 7.1% in the 3rd quarter. Principal Financial Group Inc. now owns 18,036 shares of the company’s stock worth $248,000 after purchasing an additional 1,202 shares during the period. 16.08% of the stock is currently owned by institutional investors.

Bilibili Stock Performance

NASDAQ:BILI opened at $15.68 on Thursday. The stock’s fifty day moving average is $12.61 and its 200 day moving average is $11.80. Bilibili Inc. has a fifty-two week low of $8.80 and a fifty-two week high of $19.15. The firm has a market capitalization of $6.46 billion, a PE ratio of -9.56 and a beta of 0.96.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $881.13 million for the quarter, compared to analysts’ expectations of $891.61 million. Equities analysts forecast that Bilibili Inc. will post -0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BILI shares. Citigroup downgraded Bilibili from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $12.50 in a research note on Monday, March 11th. Mizuho upped their price objective on Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. raised Bilibili from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $10.00 to $11.00 in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.37.

Bilibili Company 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.