Bilibili Inc. Sponsored ADR $BILI Stock Bought by Quadrant Capital Group LLC

Key Points

• Quadrant Capital Group increased its Bilibili stake by 222.5% in the third quarter, holding 113,456 shares valued at approximately $1.7 million. Other institutional investors also expanded their positions, though institutional ownership totaled 16.08%.
• Analyst sentiment remains favorable, with eight Buy ratings and one Hold rating. Bilibili has a consensus rating of “Moderate Buy” and an average price target of $29.39.
• Bilibili shares opened at $13.47, near their 12-month low of $13.18 and below their 50-day and 200-day moving averages. The company reported quarterly revenue of $1.17 billion and earnings of $0.23 per share.

Quadrant Capital Group LLC grew its holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 222.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,456 shares of the company's stock after acquiring an additional 78,276 shares during the period. Quadrant Capital Group LLC's holdings in Bilibili were worth $1,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Renaissance Technologies LLC grew its stake in Bilibili by 121.1% during the 1st quarter. Renaissance Technologies LLC now owns 507,335 shares of the company's stock worth $11,445,000 after purchasing an additional 277,900 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Bilibili by 230.5% during the 1st quarter. Hsbc Holdings PLC now owns 199,039 shares of the company's stock worth $4,458,000 after purchasing an additional 138,810 shares during the period. XY Capital Ltd increased its holdings in Bilibili by 148.1% during the 2nd quarter. XY Capital Ltd now owns 253,880 shares of the company's stock worth $4,324,000 after purchasing an additional 151,563 shares during the period. Dimensional Fund Advisors LP increased its holdings in Bilibili by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 170,834 shares of the company's stock worth $3,854,000 after purchasing an additional 11,413 shares during the period. Finally, SG Americas Securities LLC raised its position in Bilibili by 187.7% in the 1st quarter. SG Americas Securities LLC now owns 51,970 shares of the company's stock valued at $1,172,000 after purchasing an additional 33,907 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BILI shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $27.00 price target on shares of Bilibili in a research report on Thursday, August 27th. Benchmark reissued a "buy" rating on shares of Bilibili in a research report on Friday, August 28th. Weiss Ratings downgraded Bilibili from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, October 14th. BNP Paribas Exane started coverage on shares of Bilibili in a research note on Tuesday, September 22nd. They set an "outperform" rating and a $23.00 target price on the stock. Finally, Citigroup reduced their target price on shares of Bilibili from $27.00 to $26.50 and set a "buy" rating on the stock in a report on Wednesday, October 14th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $29.39.

Bilibili Price Performance

Bilibili stock opened at $13.47 on Friday. The stock has a market cap of $5.59 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 1.14 and a beta of 0.65. The company has a fifty day simple moving average of $15.39 and a 200-day simple moving average of $17.95. Bilibili Inc. Sponsored ADR has a 12-month low of $13.18 and a 12-month high of $36.40. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its earnings results on Saturday, August 15th. The company reported $0.23 EPS for the quarter. The firm had revenue of $1.17 billion during the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. Equities analysts expect that Bilibili Inc. Sponsored ADR will post 0.64 EPS for the current fiscal year.

Bilibili Company Profile

Bilibili Inc is a China-based online entertainment platform focused on video content and communities built around anime, comics, games and broader youth culture. The company offers professionally produced and user-generated videos, with content spanning entertainment, lifestyle, technology, education and other interests.

Its services include video streaming, live broadcasting, mobile games and value-added services such as memberships, virtual items and other interactive features. Bilibili also generates revenue through advertising and related content and e-commerce activities.

Founded in 2009 and headquartered in Shanghai, Bilibili serves users primarily in China through its website and mobile applications.

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