Vaughan Nelson Investment Management L.P. Acquires New Shares in Bilibili Inc. (NASDAQ:BILI)

Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Bilibili Inc. (NASDAQ:BILI) during the third quarter, according to its most recent filing with the SEC. The fund acquired 50,862 shares of the company’s stock, valued at approximately $1,189,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BILI. Natixis Advisors LLC bought a new position in Bilibili in the 3rd quarter worth about $272,000. KBC Group NV increased its stake in Bilibili by 90.9% in the 3rd quarter. KBC Group NV now owns 10,683 shares of the company’s stock worth $250,000 after acquiring an additional 5,086 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Bilibili in the 3rd quarter worth about $63,000. Assetmark Inc. bought a new position in Bilibili in the 3rd quarter worth about $159,000. Finally, First Beijing Investment Ltd increased its stake in Bilibili by 96.2% in the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock worth $88,694,000 after acquiring an additional 1,860,496 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Stock Down 1.6 %

BILI stock opened at $18.30 on Monday. Bilibili Inc. has a twelve month low of $8.80 and a twelve month high of $31.77. The firm has a market cap of $7.58 billion, a PE ratio of -19.89 and a beta of 0.86. The business has a 50 day moving average of $20.63 and a 200 day moving average of $17.02.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. Bilibili had a negative return on equity of 15.10% and a negative net margin of 10.73%. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.14 billion. During the same quarter last year, the company earned ($0.39) EPS. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, research analysts expect that Bilibili Inc. will post -0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BILI. Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $14.00 to $19.00 in a research report on Friday, August 23rd. Morgan Stanley began coverage on Bilibili in a research report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price objective on the stock. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Nomura upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, August 22nd. Finally, The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and increased their price objective for the company from $16.50 to $22.60 in a research report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.24.

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.