Bayforest Capital Ltd increased its holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 314.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,610 shares of the company's stock after acquiring an additional 38,392 shares during the quarter. Bayforest Capital Ltd's holdings in Bilibili were worth $967,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its position in Bilibili by 44,249.8% during the 1st quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company's stock worth $25,731,000 after buying an additional 1,343,423 shares during the last quarter. Jump Financial LLC purchased a new position in Bilibili during the 4th quarter worth approximately $11,584,000. Arrowstreet Capital Limited Partnership raised its position in Bilibili by 3,328.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company's stock worth $11,020,000 after buying an additional 590,763 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Bilibili during the 4th quarter worth approximately $4,186,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Bilibili during the 4th quarter worth approximately $2,689,000. 16.08% of the stock is owned by hedge funds and other institutional investors.
Bilibili Stock Performance
BILI traded down $0.93 during trading hours on Friday, hitting $21.89. 2,659,989 shares of the stock were exchanged, compared to its average volume of 2,988,184. The stock has a 50-day simple moving average of $21.26 and a 200-day simple moving average of $19.54. Bilibili Inc. Sponsored ADR has a 12 month low of $12.72 and a 12 month high of $31.77. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of -109.44 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36.
Wall Street Analysts Forecast Growth
BILI has been the topic of a number of analyst reports. Sanford C. Bernstein began coverage on shares of Bilibili in a research note on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price objective on the stock. Bank of America lifted their price target 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 cut shares of Bilibili from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. HSBC reaffirmed a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. cut shares of Bilibili from an "overweight" rating to a "neutral" rating and lifted their target price for the stock from $21.00 to $24.00 in a research note on Monday, July 28th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $23.81.
Check Out Our Latest Analysis on Bilibili
Bilibili Profile
(
Free Report)
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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