Fidelity Management & Research Co.. 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 18.93% to 11.01 million shares with purchase of 1.75 million shares. This fresh investment now brings its stake to 4.20% valued currently at $480.02 million. In addition, The Vanguard Group, Inc. raised its holdings by 2.99 million to 4.81 million shares. And Renaissance Technologies LLC has lifted its position by 2.26% or 92600.0 shares – to 4.19 million shares.
With over 5.16 million Bilibili Inc. (BILI) shares trading Tuesday and a closing price of $47.00 on the day, the dollar volume was approximately $242.59 million. The shares have shown a positive weekly performance of 3.73% and its price on 08/25/20 gained nearly 1.91%. Currently, there are 329.44M common shares owned by the public and among those 180.35M 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: 22 analysts who have offered their price forecasts for BILI have a consensus price objective of $46.50. The analysts have set the share’s price value over the next 12 months at a high of $60.00 and a low of $36.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Bilibili Inc. stock is 1.70 for the next 12 months. The average price target is -6.21% below its last price level and a downside to the estimated low will see the stock lose -30.56% over that period. But an upside of 21.67% will see the stock hit the forecast high price target while mean target price for the stock is $46.80.
The top 3 mutual fund holders in Bilibili Inc. are Fidelity Inv. Trust – Emerging Ma, Vanguard Total International Stoc, and Wells Fargo Emerging Markets Equi. Fidelity Inv. Trust – Emerging Ma owns 5.81 million shares of the company’s stock, all valued at over $253.31 million. The company bought an additional 0.21 million shares recently to bring their total holdings to about 2.22% of the shares outstanding. Vanguard Total International Stoc sold 2199.0 shares to see its total holdings shrink to 2.43 million shares valued at over $106.11 million and representing 0.93% of the shares outstanding. Wells Fargo Emerging Markets Equi now owns shares totaling to 0.92% of the shares outstanding.
Shares of Bilibili Inc. (NASDAQ: BILI) opened at $45.91, down -$0.21 from a prior closing price of $46.12. However, the script later closed the day at $47.00, up 1.91%. The company’s stock has a 5-day price change of 3.73% and 45.51% over the past three months. BILI shares are trading 152.42% year to date (YTD), with the 12-month market performance up to 224.14% higher. It has a 12-month low price of $13.23 and touched a high of $51.25 over the same period. Currently, 5.16 million shares have been traded, compared to an average intraday trading volume of 5.80 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 8.52%, 7.75%, and 60.87% respectively.
Institutional ownership of Bilibili Inc. (NASDAQ: BILI) shares accounts for 50.50% of the company’s 329.44M shares outstanding. Mutual fund holders own 16.41%, while other institutional holders and individual stakeholders account for 33.57% and — respectively.
It has a market capitalization of $16.36B. The earnings-per-share (ttm) stands at -$0.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.74% over the week and 4.14% over the month.
Analysts forecast that Bilibili Inc. (BILI) will achieve an EPS of -$0.22 for the current quarter, -$0.24 for the next quarter and -$0.46 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.26 while analysts give the company a high EPS estimate of -$0.2. Comparatively, EPS for the current quarter was -$0.11 a year ago. Earnings per share for the fiscal year are expected to decrease by -50.80%, and 46.90% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate Bilibili Inc. (BILI) as a “Strong Buy” at a consensus score of 1.70. Specifically, 20 Wall Street analysts polled rate the stock as a buy, while 1 of the 22 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BILI, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on May 27, 2020, with the firm’s price target at. JP Morgan coverage for the Bilibili Inc. (BILI) stock in a research note released on May 21, 2020 offered a Overweight rating with a price target of $42. Morgan Stanley was of a view on January 10, 2020 that the stock is Equal-Weight, while Daiwa Securities gave the stock Outperform rating on January 09, 2020, issuing a price target of $23- $25. Nomura on their part issued Buy rating on October 09, 2019.