Bayforest Capital Ltd Has $967,000 Stock Holdings 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 lifted its position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 314.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

Several other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Bilibili by 2.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,547,057 shares of the company's stock worth $29,564,000 after acquiring an additional 42,914 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Bilibili in the 1st quarter worth approximately $26,725,000. Federated Hermes Inc. grew its position in shares of Bilibili by 44,249.8% in the 1st quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company's stock worth $25,731,000 after acquiring an additional 1,343,423 shares in the last quarter. XY Capital Ltd acquired a new position in Bilibili during the 1st quarter valued at approximately $11,409,000. Finally, Northern Trust Corp boosted its position in Bilibili by 164.2% during the 4th quarter. Northern Trust Corp now owns 235,099 shares of the company's stock valued at $4,258,000 after purchasing an additional 146,111 shares during the period. Institutional investors and hedge funds own 16.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BILI shares. Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. lowered Bilibili from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $21.00 to $24.00 in a research report on Monday, July 28th. Sanford C. Bernstein started coverage on Bilibili in a research report on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price objective for the company. Bank of America boosted their price objective on Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, Benchmark reduced their price objective on Bilibili from $30.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Bilibili presently has an average rating of "Moderate Buy" and an average target price of $24.91.

Bilibili Trading Up 4.1%

Shares of Bilibili stock traded up $1.00 on Friday, reaching $25.45. 5,234,021 shares of the company were exchanged, compared to its average volume of 3,484,779. The stock has a fifty day moving average price of $23.40 and a 200-day moving average price of $20.57. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 363.57 and a beta of 0.94. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. Bilibili Inc. Sponsored ADR has a fifty-two week low of $14.36 and a fifty-two week high of $31.77.

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.