Bayforest Capital Ltd lifted its position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI – Free Report) by 7.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,446 shares of the company’s stock after acquiring an additional 3,836 shares during the quarter. Bilibili accounts for approximately 0.5% of Bayforest Capital Ltd’s investment portfolio, making the stock its 17th largest holding. Bayforest Capital Ltd’s holdings in Bilibili were worth $1,168,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vontobel Holding Ltd. raised its holdings in shares of Bilibili by 87.9% in the first quarter. Vontobel Holding Ltd. now owns 35,239 shares of the company’s stock valued at $673,000 after acquiring an additional 16,482 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Bilibili by 8.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company’s stock valued at $178,000 after acquiring an additional 722 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Bilibili by 48.8% in the first quarter. Hsbc Holdings PLC now owns 27,855 shares of the company’s stock valued at $531,000 after acquiring an additional 9,134 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Bilibili in the first quarter valued at about $57,000. Finally, Acadian Asset Management LLC grew its stake in Bilibili by 43.6% in the first quarter. Acadian Asset Management LLC now owns 60,525 shares of the company’s stock valued at $1,156,000 after purchasing an additional 18,368 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have issued reports on BILI. Jefferies Financial Group set a $28.00 target price on Bilibili in a research note on Thursday, August 21st. HSBC reiterated a “buy” rating on shares of Bilibili in a research note on Tuesday, July 15th. JPMorgan Chase & Co. lowered Bilibili from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $24.00 in a research note on Monday, July 28th. Wall Street Zen upgraded Bilibili from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Finally, Barclays lifted their target price on Bilibili from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.95.
Bilibili Price Performance
Shares of BILI stock opened at $27.24 on Tuesday. Bilibili Inc. Sponsored ADR has a fifty-two week low of $14.47 and a fifty-two week high of $30.92. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 389.14 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 1.60. The stock’s 50-day simple moving average is $25.22 and its 200-day simple moving average is $21.53.
Bilibili 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.
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