Acadian Asset Management LLC Boosts Stake in Bilibili Inc. Sponsored ADR $BILI

Key Points

• Acadian Asset Management LLC increased its stake in Bilibili Inc. by 43.6%, owning 60,525 shares valued at $1,156,000 by the end of the 1st quarter.
• Bilibili's stock declined 3.4% to $27.08, with a current market cap of $11.32 billion, and it has a price-to-earnings ratio of 200.14.
• Wall Street analysts have mixed ratings for Bilibili with two "Strong Buy" ratings, suggesting an average price target of $24.91.

Acadian Asset Management LLC raised its holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 43.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 60,525 shares of the company's stock after acquiring an additional 18,368 shares during the period. Acadian Asset Management LLC's holdings in Bilibili were worth $1,156,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vontobel Holding Ltd. raised its holdings in Bilibili by 87.9% in the 1st 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Bilibili by 8.5% in the 1st 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 during the last quarter. Northern Trust Corp raised its holdings in Bilibili by 164.2% in the 4th quarter. Northern Trust Corp now owns 235,099 shares of the company's stock valued at $4,258,000 after acquiring an additional 146,111 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Bilibili by 48.8% in the 1st 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 during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Bilibili in the 1st quarter valued at $57,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Stock Down 3.4%

Bilibili stock traded down $0.94 during trading on Thursday, reaching $27.08. 3,465,254 shares of the company's stock were exchanged, compared to its average volume of 3,905,976. The company's 50-day moving average is $23.82 and its two-hundred day moving average is $20.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 1.60. Bilibili Inc. Sponsored ADR has a 52-week low of $14.47 and a 52-week high of $31.77. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 200.14 and a beta of 0.94.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group set a $28.00 price objective on Bilibili in a report on Thursday, August 21st. JPMorgan Chase & Co. downgraded Bilibili from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $21.00 to $24.00 in a report on Monday, July 28th. Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Sanford C. Bernstein assumed coverage on Bilibili in a report on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price objective for the company. Finally, HSBC restated a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $24.91.

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.