Yiheng Capital Management LP recently announced the acquisition of new stake in Bilibili Inc. (NASDAQ:BILI). The institutional investor has increased its shareholding in the Communication Services company by 7.46% to 10.25 million shares with purchase of 0.71 million shares. This fresh investment now brings its stake to 3.41% valued currently at $91.43 million. In addition, Artisan Partners LP raised its holdings by 1.03 million to 4.69 million shares. And BofA Securities, Inc. has lifted its position by 133.94% or 1.93 million shares – to 3.37 million shares.
With over 7.78 million Bilibili Inc. (BILI) shares trading Monday and a closing price of $13.52 on the day, the dollar volume was approximately $105.2 million. The shares have shown a negative half year performance of -36.32% and its price on 11/21/22 lost nearly -8.15%. Currently, there are 394.74M common shares owned by the public and among those 220.08M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 44 analysts who have offered their price forecasts for BILI have a consensus price objective of $165.30. The analysts have set the share’s price value over the next 12 months at a high of $278.53 and a low of $44.99. The average price target is 46.73% above its recent price level and an upside to the estimated low will see the stock gain 69.95% over that period. But an upside of 95.15% will see the stock hit the forecast high price target while median target price for the stock is $173.52.
The top 3 mutual fund holders in Bilibili Inc. are Fidelity Inv. Trust – Emerging Ma, Government Pension Fund – Global, and Artisan Developing World Fund. Fidelity Inv. Trust – Emerging Ma owns 5.33 million shares of the company’s stock, all valued at over $47.53 million. The company bought an additional 40815.0 shares recently to bring their total holdings to about 1.77% of the shares outstanding. Government Pension Fund – Global bought 0.97 million shares to see its total holdings expand to 3.59 million shares valued at over $31.99 million and representing 1.19% of the shares outstanding. Artisan Developing World Fund bought 3.32 million shares to bring its total holdings to over 3.32 million shares at a value of $29.62 million. Artisan Developing World Fund now owns shares totaling to 1.11% of the shares outstanding.
Shares of Bilibili Inc. (NASDAQ: BILI) opened at $14.21, down -$0.51 from a prior closing price of $14.72. However, the script later moved the day high at 14.22, down -8.15%. The company’s stock has a 5-day price change of 4.97% and -43.05% over the past three months. BILI shares are trading -70.86% year to date (YTD), with the 12-month market performance down to -79.86% lower. It has a 12-month low price of $8.23 and touched a high of $72.95 over the same period. BILI has an average intraday trading volume of 8.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.68%, -1.21%, and -40.20% respectively.
Institutional ownership of Bilibili Inc. (NASDAQ: BILI) shares accounts for 25.70% of the company’s 394.74M shares outstanding. Mutual fund holders own 13.32%, while other institutional holders and individual stakeholders account for 14.93% and — respectively.
It has a market capitalization of $5.80B and a beta (3y monthly) value of 1.01. The earnings-per-share (ttm) stands at -$3.23. The company has a debt-to-equity ratio at 1.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.98% over the week and 9.12% over the month.
Analysts forecast that Bilibili Inc. (BILI) will achieve an EPS of -$0.71 for the current quarter, -$0.57 for the next quarter and -$1.78 for 2023. The lowest estimate earnings-per-share for the quarter is -$2.01 while analysts give the company a high EPS estimate of -$0.08. Comparatively, EPS for the current quarter was -$0.65 a year ago. Earnings per share for the fiscal year are expected to decrease by -105.20%, and 30.10% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 44 brokerage firm advisors rate Bilibili Inc. (BILI) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 28 Wall Street analysts polled rate the stock as a buy, while 9 of the 44 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the BILI, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on November 03, 2022, with the firm’s price target at $42-$11.50. Bernstein was of a view on October 12, 2022 that the stock is Underperform, while JP Morgan gave the stock Overweight rating on September 07, 2022, issuing a price target of $35. JP Morgan on their part issued Neutral rating on May 16, 2022.