GF Fund Management CO. LTD. Makes New $518,000 Investment in Bilibili Inc. Sponsored ADR (NASDAQ:BILI)

GF Fund Management CO. LTD. purchased a new position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 27,109 shares of the company's stock, valued at approximately $518,000.

Several other institutional investors also recently added to or reduced their stakes in BILI. Prescott Group Capital Management L.L.C. bought a new position in Bilibili in the 4th quarter worth approximately $2,716,000. Rakuten Securities Inc. increased its position in Bilibili by 145.8% in the 4th quarter. Rakuten Securities Inc. now owns 9,124 shares of the company's stock worth $165,000 after buying an additional 5,412 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Bilibili by 16.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company's stock worth $27,240,000 after buying an additional 209,963 shares during the period. Natixis Advisors LLC increased its position in Bilibili by 206.8% in the 4th quarter. Natixis Advisors LLC now owns 35,721 shares of the company's stock worth $647,000 after buying an additional 24,079 shares during the period. Finally, Quantbot Technologies LP increased its position in Bilibili by 15.9% in the 4th quarter. Quantbot Technologies LP now owns 45,655 shares of the company's stock worth $827,000 after buying an additional 6,255 shares during the period. 16.08% of the stock is owned by institutional investors.

Bilibili Price Performance

Bilibili stock traded up $0.09 on Tuesday, reaching $22.57. The company's stock had a trading volume of 2,498,726 shares, compared to its average volume of 6,004,185. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $9.43 billion, a price-to-earnings ratio of -112.84 and a beta of 0.91. The business's fifty day moving average price is $19.40 and its 200 day moving average price is $18.86. Bilibili Inc. Sponsored ADR has a twelve month low of $12.72 and a twelve month high of $31.77.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BILI. Hsbc Global Res raised Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Sanford C. Bernstein began coverage on Bilibili in a report on Tuesday. They set an "outperform" rating and a $28.00 price objective on the stock. Wall Street Zen raised Bilibili from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, HSBC raised Bilibili from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $21.50 to $22.50 in a report on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $23.29.

Bilibili Company 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.