Jennison Associates LLC Buys 477,740 Shares of Bilibili Inc. (NASDAQ:BILI)

Jennison Associates LLC lifted its stake in shares of Bilibili Inc. (NASDAQ:BILI) by 26.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,285,264 shares of the company’s stock after purchasing an additional 477,740 shares during the quarter. Jennison Associates LLC’s holdings in Bilibili were worth $41,386,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Creative Planning increased its position in shares of Bilibili by 6.7% during the second quarter. Creative Planning now owns 25,819 shares of the company’s stock valued at $399,000 after buying an additional 1,632 shares during the period. SG Americas Securities LLC increased its holdings in Bilibili by 34.7% during the 3rd quarter. SG Americas Securities LLC now owns 45,416 shares of the company’s stock worth $1,062,000 after acquiring an additional 11,705 shares during the period. Blue Trust Inc. lifted its stake in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after purchasing an additional 891 shares in the last quarter. Signaturefd LLC boosted its holdings in Bilibili by 6.5% in the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after purchasing an additional 598 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Bilibili during the 3rd quarter valued at $9,570,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Benchmark lifted their price target on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Mizuho upped their price objective on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Bank of America lifted their target price on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.69.

Bilibili Trading Up 5.6 %

BILI opened at $17.66 on Wednesday. Bilibili Inc. has a 12 month low of $8.87 and a 12 month high of $31.77. The business’s 50-day moving average price is $18.25 and its 200-day moving average price is $18.19. The company has a market cap of $7.32 billion, a P/E ratio of -19.20 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.47. The business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.39) EPS. Equities research analysts forecast that Bilibili Inc. will post -0.39 earnings per share for the current fiscal year.

About Bilibili

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.