Alibaba Group Holding Ltd Takes Position in Bilibili Inc – (NASDAQ:BILI)

Alibaba Group Holding Ltd bought a new position in Bilibili Inc – (NASDAQ:BILI) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,000,000 shares of the company’s stock, valued at approximately $189,500,000. Bilibili accounts for approximately 17.1% of Alibaba Group Holding Ltd’s portfolio, making the stock its 3rd largest position.

A number of other hedge funds have also recently added to or reduced their stakes in BILI. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Bilibili during the 1st quarter valued at $35,000. Freestone Capital Holdings LLC purchased a new stake in shares of Bilibili during the 4th quarter valued at $4,386,000. Canada Pension Plan Investment Board purchased a new stake in shares of Bilibili during the 4th quarter valued at $73,000. MML Investors Services LLC purchased a new stake in shares of Bilibili during the 1st quarter valued at $202,000. Finally, Stifel Financial Corp purchased a new stake in shares of Bilibili during the 4th quarter valued at $160,000. 26.12% of the stock is owned by hedge funds and other institutional investors.

Shares of Bilibili stock opened at $14.48 on Friday. Bilibili Inc – has a twelve month low of $9.09 and a twelve month high of $22.70. The firm has a market cap of $4.08 billion, a P/E ratio of -38.11 and a beta of 1.69.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Monday, May 13th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. Bilibili had a negative net margin of 14.65% and a negative return on equity of 11.13%. The firm had revenue of $203.54 million during the quarter, compared to analysts’ expectations of $192.60 million. As a group, analysts anticipate that Bilibili Inc – will post -0.49 earnings per share for the current year.

Several analysts have recently issued reports on BILI shares. ValuEngine raised shares of Bilibili from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Daiwa Capital Markets set a $23.00 price objective on shares of Bilibili and gave the company a “buy” rating in a research note on Friday, March 1st. China Renaissance Securities started coverage on shares of Bilibili in a research note on Wednesday, February 27th. They set a “buy” rating for the company. 86 Research raised shares of Bilibili to a “buy” rating and set a $19.00 price objective for the company in a research note on Friday, May 17th. Finally, UBS Group started coverage on shares of Bilibili in a research note on Wednesday, April 10th. They set a “buy” rating and a $23.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Bilibili presently has an average rating of “Buy” and an average target price of $19.86.

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Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.

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Institutional Ownership by Quarter for Bilibili (NASDAQ:BILI)

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