Quarry LP Takes $29.34 Million Position in Bilibili Inc. (NASDAQ:BILI)

Quarry LP acquired a new position in shares of Bilibili Inc. (NASDAQ:BILI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,900,000 shares of the company’s stock, valued at approximately $29,336,000. Bilibili makes up 6.7% of Quarry LP’s portfolio, making the stock its 2nd biggest position. Quarry LP owned about 0.46% of Bilibili as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after acquiring an additional 853 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Bilibili by 4.9% in the second quarter. SG Americas Securities LLC now owns 33,711 shares of the company’s stock worth $520,000 after buying an additional 1,569 shares during the last quarter. Creative Planning lifted its stake in shares of Bilibili by 6.7% during the second quarter. Creative Planning now owns 25,819 shares of the company’s stock worth $399,000 after buying an additional 1,632 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Bilibili by 10.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock worth $272,000 after buying an additional 1,650 shares during the period. Finally, Parallel Advisors LLC grew its holdings in shares of Bilibili by 62.6% during the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after buying an additional 1,734 shares during the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Stock Up 8.7 %

NASDAQ:BILI opened at $22.92 on Monday. The stock has a market capitalization of $9.47 billion, a PE ratio of -13.72 and a beta of 0.83. Bilibili Inc. has a 52 week low of $8.80 and a 52 week high of $23.03. The stock’s 50-day moving average price is $15.16 and its 200-day moving average price is $14.38.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The business had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $6.10 billion. During the same quarter last year, the firm earned ($0.43) earnings per share. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. Sell-side analysts expect that Bilibili Inc. will post -0.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on BILI shares. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and boosted their price target for the company from $16.50 to $22.60 in a research note on Thursday. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, August 22nd. Morgan Stanley started coverage on shares of Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price objective for the company. Nomura Securities upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Finally, Bank of America boosted their target price on shares of Bilibili from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and an average price target of $17.83.

Bilibili 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.