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

Jennison Associates LLC increased its position in Bilibili Inc. (NASDAQ:BILI) by 26.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,285,264 shares of the company’s stock after purchasing an additional 477,740 shares during the period. Jennison Associates LLC owned approximately 0.55% of Bilibili worth $41,386,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BILI. Signaturefd LLC raised its holdings in Bilibili by 6.5% during the third quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock worth $228,000 after buying an additional 598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Bilibili by 26.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after buying an additional 735 shares during the last quarter. Blue Trust Inc. increased its position in shares of Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after acquiring an additional 891 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Bilibili by 1,817.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after acquiring an additional 1,436 shares during the last quarter. Finally, Creative Planning lifted its position in Bilibili by 6.7% in the 2nd quarter. Creative Planning now owns 25,819 shares of the company’s stock valued at $399,000 after acquiring an additional 1,632 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Trading Up 5.6 %

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

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

Analysts Set New Price Targets

BILI has been the subject of a number of recent research reports. Bank of America boosted their price objective on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Benchmark lifted their price objective on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Mizuho upped their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Barclays raised their price target on shares of Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

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.