Rovida Advisors Inc. Takes Position in Bilibili Inc. Sponsored ADR $BILI

Rovida Advisors Inc. purchased a new position in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 100,000 shares of the company’s stock, valued at approximately $2,145,000. Bilibili accounts for about 0.4% of Rovida Advisors Inc.’s investment portfolio, making the stock its 17th largest position.

A number of other hedge funds have also made changes to their positions in BILI. SVB Wealth LLC purchased a new stake in shares of Bilibili during the first quarter worth approximately $31,000. Brooklyn Investment Group lifted its holdings in Bilibili by 10,989.7% in the 1st quarter. Brooklyn Investment Group now owns 3,216 shares of the company’s stock valued at $61,000 after purchasing an additional 3,187 shares in the last quarter. Banque Transatlantique SA acquired a new stake in Bilibili during the 1st quarter worth $80,000. Advisors Asset Management Inc. grew its holdings in shares of Bilibili by 16.6% during the first quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock worth $101,000 after buying an additional 751 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Bilibili by 40.5% in the first quarter. PNC Financial Services Group Inc. now owns 9,279 shares of the company’s stock valued at $177,000 after buying an additional 2,676 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of BILI opened at $27.14 on Wednesday. The firm has a fifty day moving average price of $27.42 and a 200 day moving average price of $23.32. The stock has a market cap of $11.34 billion, a PE ratio of 387.71 and a beta of 0.97. Bilibili Inc. Sponsored ADR has a 1-year low of $14.47 and a 1-year high of $32.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Benchmark dropped their target price on Bilibili from $30.00 to $28.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Sanford C. Bernstein increased their target price on Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. HSBC reissued a “buy” rating on shares of Bilibili in a research report on Tuesday, July 15th. JPMorgan Chase & Co. downgraded shares of Bilibili from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $21.00 to $24.00 in a research note on Monday, July 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and a consensus price target of $28.19.

About Bilibili

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.