Bayforest Capital Ltd Increases Position in Bilibili Inc. Sponsored ADR $BILI

Key Points

• Bayforest Capital Ltd increased its stake in Bilibili Inc. by 314.2% during the first quarter, raising its holdings to 50,610 shares worth $967,000.
• Other institutional investments include SVB Wealth LLC and FNY Investment Advisers LLC, indicating growing interest from funds in Bilibili, with hedge funds owning 16.08% of the stock.
• Analysts have recently given Bilibili a consensus rating of "Moderate Buy" with a price target averaging $24.91, reflecting positive market sentiment.

Bayforest Capital Ltd boosted its holdings in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 314.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,610 shares of the company's stock after purchasing an additional 38,392 shares during the period. Bayforest Capital Ltd's holdings in Bilibili were worth $967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new position in Bilibili in the fourth quarter valued at $200,000. Northern Trust Corp increased its holdings in Bilibili by 164.2% in the fourth quarter. Northern Trust Corp now owns 235,099 shares of the company's stock valued at $4,258,000 after buying an additional 146,111 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in Bilibili by 3.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company's stock valued at $419,000 after buying an additional 749 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Bilibili by 3,609.4% in the fourth quarter. Lazard Asset Management LLC now owns 88,470 shares of the company's stock valued at $1,602,000 after buying an additional 86,085 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Bilibili in the fourth quarter valued at $4,186,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BILI shares. JPMorgan Chase & Co. cut shares of Bilibili from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $21.00 to $24.00 in a report on Monday, July 28th. Jefferies Financial Group set a $28.00 price objective on shares of Bilibili in a report on Thursday, August 21st. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Sanford C. Bernstein started coverage on shares of Bilibili in a research note on Tuesday, July 8th. They set an "outperform" rating and a $28.00 target price for the company. Finally, Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Bilibili presently has an average rating of "Moderate Buy" and a consensus target price of $24.91.

Bilibili Price Performance

NASDAQ BILI traded up $1.00 during trading hours on Friday, hitting $25.45. 5,234,021 shares of the company's stock traded hands, compared to its average volume of 3,484,779. Bilibili Inc. Sponsored ADR has a 52-week low of $14.36 and a 52-week high of $31.77. The company has a market capitalization of $10.64 billion, a PE ratio of 363.57 and a beta of 0.94. 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 firm's 50-day moving average is $23.40 and its 200-day moving average is $20.57.

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.