Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Shares Bought by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its stake in Bilibili Inc. by an astonishing 44,249.8%, now holding approximately 1.35 million shares valued at around $25.7 million.
• Other institutional investors also expanded their positions in Bilibili, with Vontobel Holding Ltd. increasing its position by 87.9% in the first quarter.
• Analysts have mixed ratings on Bilibili stock, with an average rating of "Moderate Buy" and a consensus target price of approximately $23.81.

Federated Hermes Inc. increased its holdings in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 44,249.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,346,459 shares of the company's stock after acquiring an additional 1,343,423 shares during the quarter. Federated Hermes Inc. owned approximately 0.32% of Bilibili worth $25,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BILI. LPL Financial LLC boosted its position in shares of Bilibili by 40.6% in the fourth quarter. LPL Financial LLC now owns 18,638 shares of the company's stock valued at $338,000 after acquiring an additional 5,386 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Bilibili by 3,328.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company's stock valued at $11,020,000 after purchasing an additional 590,763 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Bilibili by 8.1% in the fourth quarter. Schroder Investment Management Group now owns 531,047 shares of the company's stock worth $9,771,000 after purchasing an additional 39,616 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of Bilibili during the fourth quarter worth about $349,000. Finally, Geode Capital Management LLC raised its position in shares of Bilibili by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 110,560 shares of the company's stock valued at $2,002,000 after buying an additional 1,140 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BILI. Sanford C. Bernstein began coverage on Bilibili in a report on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 price objective for the company. Wall Street Zen downgraded Bilibili from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lowered shares of Bilibili from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $21.00 to $24.00 in a report on Monday, July 28th. HSBC reaffirmed a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. Finally, Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.81.

Bilibili Stock Performance

NASDAQ:BILI traded up $0.55 during mid-day trading on Tuesday, hitting $22.99. The company's stock had a trading volume of 1,491,734 shares, compared to its average volume of 5,056,234. The business's fifty day moving average is $21.26 and its two-hundred day moving average is $19.58. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of -114.92 and a beta of 0.94. Bilibili Inc. Sponsored ADR has a 1 year low of $12.72 and a 1 year high of $31.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36.

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.