5 Best Stocks to Buy According to Brazilian Billionaire Jorge Paulo Lemann

4. Bilibili Inc. (NASDAQ: BILI)

Lemann’s Stake Value: $14,453,000
Percentage of Jorge Paulo Lemann’s 13F Portfolio: 5.36%
Number of Hedge Fund Holders: 53

Bilibili Inc. (NASDAQ: BILI) is a Chinese company online entertainment services provider for the young generations. It was founded in 2009 and ranks fourth on the list of 10 best stocks to buy according to Brazilian billionaire Jorge Paulo Lemann. Shares of the company rallied 137.43% in the last 12 months, resulting in a $44.26 billion market capitalization.

On July 13, China Renaissance analyst Yiwen Zhang initiated a coverage on Bilibili Inc. (NASDAQ: BILI) with a “Buy” rating with a price target of $175. On May 13, Bilibili Inc. declared earnings results for the first three months of 2021. The earnings per share was -$0.29, beating market predictions by $0.07. The revenue over the period was $595.4 million, beating the estimates by $12.04 million. For the second quarter of 2021, the company expects net revenues to be between RMB4.25 billion and RMB4.35 billion.

Bilibili Inc. (NASDAQ: BILI) is the latest addition in billionaire Jorge Paulo Lemann’s hedge fund portfolio, as 3G Capital bought 135,000 shares of the company, worth $14.45 million. In addition, hedge fund sentiment increased for Bilibili in the first quarter of 2021. Insider Monkey’s data shows that 53 elite hedge funds held stakes in the company in the first quarter of 2021, up from 46 funds a quarter earlier.

Tao Value, in its first quarter 2021 investor letter, mentioned Bilibili Inc. (NASDAQ: BILI). Here is what the fund has to say about Bilibili Inc.in its letter:

“Bilibili (ticker: BILI) similarly reported a blast Q3 2020. Bilibili reached average MAU of 197m with high 7.6% pay ratio, showing strong user growth and high engagement. Additionally, the high margin advertisement segment showed exceptionally strong trend, growing 126% yoy. Though surprising to many, I think it is a natural outcome of building an ever-more valuable user generated contents platform. If it is not by ads, I believe these values created by Bilibili will accrue to it in other ways. One interesting data point is that management mentioned the average age of new cohorts are still around 20, indicating it is still in its early stage of a long growth runway. I am happy to see this position played out like how I envisioned in original thesis and will be excited to continue to follow its progress.”