Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

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.

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,547,057 shares of the company's stock after acquiring an additional 42,914 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.37% of Bilibili worth $29,564,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in shares of Bilibili during the first quarter worth $57,000. Federated Hermes Inc. acquired a new position in shares of Bilibili in the 4th quarter valued at $55,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Bilibili by 8.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock worth $178,000 after acquiring an additional 722 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Bilibili by 40.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,279 shares of the company's stock worth $177,000 after acquiring an additional 2,676 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new stake in Bilibili during the 4th quarter valued at about $200,000. Institutional investors own 16.08% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BILI. Bank of America raised their price target on shares of Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. HSBC reiterated a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. JPMorgan Chase & Co. downgraded Bilibili from an "overweight" rating to a "neutral" rating and upped their target price for the stock from $21.00 to $24.00 in a research note on Monday, July 28th. Finally, Wall Street Zen lowered Bilibili from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Four investment 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 stock. According to MarketBeat.com, Bilibili has a consensus rating of "Moderate Buy" and an average target price of $23.81.

Bilibili Trading Down 2.0%

Shares of BILI traded down $0.50 during midday trading on Thursday, reaching $23.88. The company had a trading volume of 1,388,831 shares, compared to its average volume of 4,948,805. Bilibili Inc. Sponsored ADR has a 1-year low of $12.72 and a 1-year high of $31.77. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.23. The firm has a 50 day simple moving average of $21.97 and a 200-day simple moving average of $19.88. The stock has a market cap of $9.98 billion, a PE ratio of -119.49 and a beta of 0.94.

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.