Scientech Research LLC Purchases Shares of 40,721 Bilibili Inc. Sponsored ADR $BILI

Key Points

• Scientech Research LLC has acquired 40,721 shares of Bilibili Inc., valued at approximately $778,000, as part of its investment strategy during Q1.
• Bilibili Inc. opened at $22.56, with a market capitalization of $9.43 billion and a PE ratio of 322.29.
• Several analysts have revised their price targets for Bilibili, with Bank of America raising its target from $25.00 to $27.00 and maintaining a "buy" rating.

Scientech Research LLC bought a new stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 40,721 shares of the company's stock, valued at approximately $778,000.

A number of other large investors also recently made changes to their positions in BILI. SVB Wealth LLC acquired a new position in shares of Bilibili in the 1st quarter valued at about $31,000. FNY Investment Advisers LLC acquired a new position in shares of Bilibili in the 1st quarter valued at about $57,000. Brooklyn Investment Group increased its holdings in shares of 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 during the period. Banque Transatlantique SA acquired a new position in shares of Bilibili in the 1st quarter valued at about $80,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Bilibili by 16.6% in the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company's stock valued at $101,000 after purchasing an additional 751 shares during the period. Institutional investors and hedge funds own 16.08% of the company's stock.

Bilibili Stock Up 4.1%

NASDAQ:BILI traded up $1.00 during mid-day trading on Friday, reaching $25.45. The stock had a trading volume of 5,234,021 shares, compared to its average volume of 3,582,085. Bilibili Inc. Sponsored ADR has a fifty-two week low of $14.36 and a fifty-two week high of $31.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60. The business's 50 day moving average is $23.40 and its 200 day moving average is $20.57. The stock has a market cap of $10.64 billion, a P/E ratio of 363.57 and a beta of 0.94.

Analyst Upgrades and Downgrades

BILI has been the topic of a number of research reports. Sanford C. Bernstein initiated coverage on Bilibili in a report on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 target price on the stock. JPMorgan Chase & Co. downgraded Bilibili from an "overweight" rating to a "neutral" rating and upped their target price for the company from $21.00 to $24.00 in a report on Monday, July 28th. Barclays increased their price objective on Bilibili from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Bank of America increased their price objective on Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Jefferies Financial Group set a $28.00 price objective on Bilibili in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Bilibili has a consensus rating of "Moderate Buy" and an average price target of $24.91.

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.