Ballentine Partners LLC Buys Shares of 9,967 Bilibili Inc. Sponsored ADR $BILI

Key Points

• Ballentine Partners LLC has acquired a new stake in Bilibili Inc. by purchasing 9,967 shares, totaling approximately $214,000.
• Various institutional investors have recently increased their investments in Bilibili, with ownership by institutions and hedge funds now at 16.08%.
• Bilibili's current stock performance shows a market cap of $11.42 billion with a price-to-earnings ratio of 390.43, amidst a consensus buy rating from analysts.

Ballentine Partners LLC bought a new stake in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,967 shares of the company's stock, valued at approximately $214,000.

A number of other institutional investors also recently modified their holdings of BILI. SVB Wealth LLC acquired a new stake in shares of Bilibili during the 1st quarter valued at $31,000. FNY Investment Advisers LLC acquired a new stake in shares of Bilibili in the 1st quarter valued at $57,000. Brooklyn Investment Group lifted its stake 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 last quarter. Banque Transatlantique SA acquired a new stake in shares of Bilibili in the 1st quarter valued at $80,000. Finally, Advisors Asset Management Inc. lifted its stake 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 last quarter. Institutional investors and hedge funds own 16.08% of the company's stock.

Bilibili Stock Performance

NASDAQ:BILI opened at $27.33 on Tuesday. The firm's 50-day moving average is $24.22 and its 200-day moving average is $20.98. Bilibili Inc. Sponsored ADR has a 52-week low of $14.47 and a 52-week high of $31.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 390.43 and a beta of 0.94.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group set a $28.00 price objective on shares of Bilibili in a research note on Thursday, August 21st. Bank of America lifted their price objective on shares of Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Benchmark reduced their price objective on shares of Bilibili from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Finally, Sanford C. Bernstein initiated coverage on shares of Bilibili in a research report on Tuesday, July 8th. They set an "outperform" rating and a $28.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $25.81.

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.

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