BlueCrest Capital Management Ltd Makes New $2.11 Million Investment in Bilibili Inc. Sponsored ADR $BILI

BlueCrest Capital Management Ltd acquired a new stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) during the third quarter, according to its most recent filing with the SEC. The firm acquired 75,000 shares of the company’s stock, valued at approximately $2,107,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of Bilibili by 226.9% during the third quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock worth $61,000 after acquiring an additional 1,518 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Bilibili by 253.0% during the third quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock valued at $102,000 after acquiring an additional 2,608 shares during the period. JPMorgan Chase & Co. boosted its holdings in Bilibili by 25.7% in the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after acquiring an additional 1,081 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Bilibili by 19.0% in the second quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock valued at $135,000 after acquiring an additional 1,005 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in Bilibili in the third quarter worth about $213,000. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Stock Up 4.4%

NASDAQ:BILI opened at $26.76 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. Bilibili Inc. Sponsored ADR has a 12-month low of $14.47 and a 12-month high of $36.40. The stock’s fifty day simple moving average is $30.09 and its 200-day simple moving average is $27.76. The firm has a market capitalization of $11.19 billion, a P/E ratio of 70.42 and a beta of 0.75.

Analyst Upgrades and Downgrades

BILI has been the subject of several recent research reports. Wall Street Zen cut Bilibili from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Bank of America reduced their target price on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $27.00 to $35.00 in a research note on Tuesday. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.50.

Bilibili Profile

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.