Bilibili Inc. (NASDAQ:BILI) is Polymer Capital Management HK LTD’s 7th Largest Position

Polymer Capital Management HK LTD lowered its stake in Bilibili Inc. (NASDAQ:BILI) by 15.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 620,150 shares of the company’s stock after selling 117,160 shares during the quarter. Bilibili makes up 3.3% of Polymer Capital Management HK LTD’s investment portfolio, making the stock its 7th largest position. Polymer Capital Management HK LTD owned about 0.15% of Bilibili worth $14,499,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of BILI. Blue Trust Inc. boosted its holdings in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after purchasing an additional 891 shares during the period. CWM LLC boosted its stake in 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 buying an additional 853 shares during the period. Venturi Wealth Management LLC bought a new position in Bilibili in the 3rd quarter worth about $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Bilibili by 26.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock worth $82,000 after acquiring an additional 735 shares during the last quarter. Finally, Assetmark Inc. purchased a new stake in shares of Bilibili in the 3rd quarter valued at about $159,000. 16.08% of the stock is currently owned by institutional investors.

Bilibili Price Performance

BILI opened at $19.23 on Wednesday. Bilibili Inc. has a 1 year low of $8.80 and a 1 year high of $31.77. The stock’s 50 day simple moving average is $21.42 and its 200 day simple moving average is $17.37. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of -20.90 and a beta of 0.80.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.14 billion. During the same period in the prior year, the business posted ($0.39) earnings per share. Bilibili’s revenue for the quarter was up 25.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Bilibili Inc. will post -0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BILI. Benchmark upped their price objective on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Nomura raised 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. Mizuho lifted their price objective on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Sanford C. Bernstein upped their target price on shares of Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Finally, Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Three research 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 data from MarketBeat, Bilibili presently has a consensus rating of “Moderate Buy” and an average price target of $19.69.

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.