Mizuho Securities Co. Ltd. Invests $55,000 in Bilibili Inc. (NASDAQ:BILI)

Mizuho Securities Co. Ltd. bought a new position in shares of Bilibili Inc. (NASDAQ:BILI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,500 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Greenleaf Trust boosted its stake in Bilibili by 5.5% in the 3rd quarter. Greenleaf Trust now owns 21,614 shares of the company’s stock valued at $298,000 after purchasing an additional 1,127 shares during the period. Principal Financial Group Inc. boosted its stake in Bilibili by 7.1% in the 3rd quarter. Principal Financial Group Inc. now owns 18,036 shares of the company’s stock valued at $248,000 after purchasing an additional 1,202 shares during the period. Vontobel Holding Ltd. boosted its stake in Bilibili by 4.1% in the 4th quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company’s stock valued at $443,000 after purchasing an additional 1,424 shares during the period. Ronald Blue Trust Inc. boosted its stake in Bilibili by 79.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock valued at $51,000 after purchasing an additional 1,478 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Bilibili by 29.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after purchasing an additional 1,569 shares during the period. 16.08% of the stock is currently owned by institutional investors.

Bilibili Stock Performance

Shares of Bilibili stock traded down $0.25 during trading on Tuesday, reaching $11.49. 16,499,291 shares of the company’s stock were exchanged, compared to its average volume of 7,058,514. Bilibili Inc. has a 1-year low of $8.80 and a 1-year high of $20.60. The company has a market cap of $4.74 billion, a P/E ratio of -7.01 and a beta of 0.99. The firm’s 50-day moving average price is $11.03 and its 200 day moving average price is $11.67.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. The business had revenue of $881.13 million for the quarter, compared to analyst estimates of $891.61 million. As a group, equities research analysts predict that Bilibili Inc. will post -0.54 EPS for the current year.

Analyst Ratings Changes

BILI has been the subject of several recent research reports. Citigroup downgraded Bilibili from a “buy” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $12.50 in a research note on Monday, March 11th. JPMorgan Chase & Co. upgraded Bilibili from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $10.00 to $11.00 in a research note on Monday, March 11th. Mizuho cut their target price on Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, January 17th. Finally, Daiwa Capital Markets downgraded Bilibili from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.26.

Bilibili Company 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.