Guggenheim Capital LLC Raises Stake in Bilibili Inc. (NASDAQ:BILI)

Guggenheim Capital LLC lifted its stake in shares of Bilibili Inc. (NASDAQ:BILI) by 197.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,376 shares of the company’s stock after acquiring an additional 17,523 shares during the period. Guggenheim Capital LLC’s holdings in Bilibili were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Banco BTG Pactual S.A. acquired a new stake in Bilibili during the first quarter worth about $365,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Bilibili by 7.3% in the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 9,806 shares of the company’s stock valued at $230,000 after buying an additional 666 shares during the period. Valliance Asset Management Ltd acquired a new stake in shares of Bilibili during the 1st quarter worth approximately $10,661,000. Principal Financial Group Inc. raised its position in shares of Bilibili by 7.7% during the 1st quarter. Principal Financial Group Inc. now owns 16,631 shares of the company’s stock valued at $391,000 after buying an additional 1,188 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Bilibili by 36.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 170,581 shares of the company’s stock valued at $4,009,000 after acquiring an additional 45,857 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Analyst Ratings Changes

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

Bilibili Stock Performance

Shares of BILI stock opened at $15.34 on Thursday. The firm has a 50 day moving average of $16.04 and a two-hundred day moving average of $18.36. The stock has a market capitalization of $6.31 billion, a PE ratio of -8.03 and a beta of 1.11. 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 52 week low of $8.23 and a 52 week high of $29.46.

Bilibili (NASDAQ:BILI) last released its earnings results 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 firm had revenue of $5.30 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same period last year, the business posted ($0.85) earnings per share. Bilibili’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts predict that Bilibili Inc. will post -1.52 EPS for the current fiscal year.

Bilibili Company Profile

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.