Bayforest Capital Ltd Boosts Holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI)

Bayforest Capital Ltd grew its position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 314.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,610 shares of the company's stock after buying an additional 38,392 shares during the period. Bayforest Capital Ltd's holdings in Bilibili were worth $967,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in shares of Bilibili in the 4th quarter valued at about $55,000. FNY Investment Advisers LLC bought a new stake in shares of Bilibili in the 1st quarter valued at about $57,000. 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 period. Dimensional Fund Advisors LP bought a new position in Bilibili in the 4th quarter valued at about $200,000. Finally, XTX Topco Ltd bought a new position in shares of Bilibili during the fourth quarter worth approximately $227,000. Institutional investors and hedge funds own 16.08% of the company's stock.

Bilibili Trading Down 4.1%

NASDAQ BILI traded down $0.93 on Friday, reaching $21.89. The company had a trading volume of 2,659,989 shares, compared to its average volume of 5,101,219. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of -109.44 and a beta of 0.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36. Bilibili Inc. Sponsored ADR has a fifty-two week low of $12.72 and a fifty-two week high of $31.77. The business has a 50 day moving average of $21.20 and a two-hundred day moving average of $19.50.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Bank of America raised their target price on shares of Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. HSBC reaffirmed a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. JPMorgan Chase & Co. cut shares of Bilibili from an "overweight" rating to a "neutral" rating and raised their target price for the stock from $21.00 to $24.00 in a report on Monday. Finally, Wall Street Zen cut shares of Bilibili from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.81.

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.