XY Capital Ltd Sells 485,600 Shares of Bilibili Inc. Sponsored ADR $BILI

XY Capital Ltd decreased its stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 74.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,380 shares of the company’s stock after selling 485,600 shares during the period. Bilibili accounts for 2.5% of XY Capital Ltd’s portfolio, making the stock its 8th largest position. XY Capital Ltd’s holdings in Bilibili were worth $4,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vise Technologies Inc. increased its position in Bilibili by 19.7% in the third quarter. Vise Technologies Inc. now owns 45,650 shares of the company’s stock worth $1,282,000 after buying an additional 7,524 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Bilibili by 16.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock worth $54,211,000 after acquiring an additional 278,760 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Bilibili by 35.1% during the third quarter. BNP Paribas Financial Markets now owns 240,824 shares of the company’s stock worth $6,765,000 after acquiring an additional 62,533 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Bilibili by 0.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock worth $4,872,000 after acquiring an additional 489 shares during the period. Finally, Schroder Investment Management Group increased its holdings in shares of Bilibili by 4.8% in the 3rd quarter. Schroder Investment Management Group now owns 410,227 shares of the company’s stock worth $11,212,000 after acquiring an additional 18,628 shares during the period. Institutional investors and hedge funds own 16.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Citigroup lifted their price target on Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, November 14th. JPMorgan Chase & Co. boosted their price objective on Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Bank of America decreased their price objective on Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 28th. Finally, Barclays raised their target price on Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and an average price target of $29.61.

Bilibili Trading Up 1.2%

Shares of NASDAQ:BILI opened at $25.20 on Friday. The company has a 50 day moving average of $30.14 and a 200-day moving average of $27.64. The company has a current ratio of 1.36, a quick ratio of 1.64 and a debt-to-equity ratio of 0.31. The firm has a market cap of $10.53 billion, a P/E ratio of 66.32 and a beta of 0.75. Bilibili Inc. Sponsored ADR has a twelve month low of $14.47 and a twelve month high of $36.40.

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.