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Connor Clark & Lunn Investment Management Ltd. Grows Stock Holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI)

Bilibili logo with Consumer Discretionary background

Key Points

  • Connor Clark & Lunn Investment Management Ltd. increased its stake in Bilibili Inc. by 2.9%, now holding 1,547,057 shares valued at approximately $29.56 million.
  • Other large investors have also significantly increased their positions, with Federated Hermes Inc. boosting its stake by 44,249.8% in the first quarter.
  • Bilibili's current stock price is $22.75, with a consensus rating of "Moderate Buy" and a target price of $23.81 from analysts.
  • Want stock alerts on Bilibili? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Connor Clark & Lunn Investment Management Ltd. raised its stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,547,057 shares of the company's stock after buying an additional 42,914 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.37% of Bilibili worth $29,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Federated Hermes Inc. boosted its position in Bilibili by 44,249.8% in the 1st quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company's stock valued at $25,731,000 after buying an additional 1,343,423 shares during the period. Jump Financial LLC bought a new stake in shares of Bilibili in the 4th quarter valued at about $11,584,000. XY Capital Ltd bought a new stake in shares of Bilibili in the 1st quarter valued at about $11,409,000. Northern Trust Corp raised its holdings in shares of Bilibili by 164.2% in 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 in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Bilibili in the 4th quarter valued at about $4,186,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Trading Down 1.0%

Shares of Bilibili stock opened at $22.75 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23. Bilibili Inc. Sponsored ADR has a 12-month low of $12.72 and a 12-month high of $31.77. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of -113.74 and a beta of 0.94. The firm's 50 day simple moving average is $21.66 and its two-hundred day simple moving average is $19.76.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Bank of America boosted their price target on shares of Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, July 17th. HSBC restated a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. Sanford C. Bernstein assumed coverage on shares of Bilibili in a report on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 price target for the company. Wall Street Zen lowered shares of Bilibili from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, Hsbc Global Res upgraded shares of Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.81.

Get Our Latest Stock Analysis on Bilibili

Bilibili Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Bilibili (NASDAQ:BILI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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