Charles Schwab Investment Management Inc. Grows Stake in Bilibili

(Ticker Report) – Charles Schwab Investment Management Inc. increased its holdings in shares of Bilibili Inc – (NASDAQ:BILI) by 186.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The institutional investor owned 180,604 shares of the company’s stock after purchasing an additional 117,465 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.06% of Bilibili worth $8,366,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Softbank Group Corp purchased a new stake in shares of Bilibili during the second quarter worth about $28,846,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Bilibili during the second quarter worth about $403,000. Point72 Hong Kong Ltd grew its position in shares of Bilibili by 146,958.8% during the second quarter.

Point72 Hong Kong Ltd now owns 150,000 shares of the company’s stock worth $6,948,000 after purchasing an additional 149,898 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Bilibili during the second quarter worth about $783,000. Finally, Perseverance Asset Management International grew its position in shares of Bilibili by 8.8% during the second quarter. Perseverance Asset Management International now owns 860,053 shares of the company’s stock worth $39,837,000 after purchasing an additional 69,418 shares in the last quarter. Hedge funds and other institutional investors own 38.73% of the company’s stock.

Shares of BILI stock opened at $45.10 on Tuesday. Bilibili Inc – has a 52-week low of $13.23 and a 52-week high of $54.00. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.28 and a current ratio of 3.28. The firm has a market capitalization of $14.71 billion, a P/E ratio of -56.37 and a beta of 1.14. The stock has a 50 day moving average price of $44.56 and a 200 day moving average price of $37.25.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Wednesday, August 26th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.02. Bilibili had a negative return on equity of 22.84% and a negative net margin of 21.49%. The firm had revenue of $370.50 million during the quarter, compared to analyst estimates of $360.03 million. As a group, sell-side analysts forecast that Bilibili Inc – will post -1.29 EPS for the current year.

Several research firms have weighed in on BILI. BOCOM International cut Bilibili from a “buy” rating to a “neutral” rating in a report on Friday, July 17th. Nomura Instinet restated a “neutral” rating on shares of Bilibili in a report on Thursday, August 27th. Nomura cut Bilibili from a “buy” rating to a “neutral” rating and raised their price target for the company from $39.00 to $50.00 in a report on Thursday, August 27th.

Zacks Investment Research upgraded Bilibili from a “sell” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, BidaskClub cut Bilibili from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $36.81.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People’s Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.

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