BI Asset Management Fondsmaeglerselskab A S Makes New Investment in Bilibili Inc. Sponsored ADR $BILI

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 37,019 shares of the company’s stock, valued at approximately $1,040,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in Bilibili by 1.2% during the first quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock worth $1,672,000 after buying an additional 1,014 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Bilibili by 7.7% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock valued at $214,000 after acquiring an additional 709 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Bilibili by 50.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,195 shares of the company’s stock worth $648,000 after acquiring an additional 10,126 shares in the last quarter. Bayforest Capital Ltd grew its holdings in shares of Bilibili by 7.6% in the 2nd quarter. Bayforest Capital Ltd now owns 54,446 shares of the company’s stock worth $1,168,000 after acquiring an additional 3,836 shares during the period. Finally, Arista Wealth Management LLC acquired a new stake in shares of Bilibili in the 2nd quarter worth approximately $236,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Up 4.4%

BILI opened at $31.53 on Monday. The firm has a market cap of $13.18 billion, a P/E ratio of 126.12 and a beta of 0.73. The business’s fifty day simple moving average is $28.41 and its 200 day simple moving average is $26.81. Bilibili Inc. Sponsored ADR has a 52 week low of $14.47 and a 52 week high of $36.40. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.54.

Wall Street Analysts Forecast Growth

BILI has been the subject of several research reports. Wall Street Zen raised Bilibili from a “hold” rating to a “buy” rating in a report on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price objective on shares of Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Barclays increased their price objective on shares of Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Finally, Bank of America cut their target price on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.61.

About Bilibili

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.