GF Fund Management CO. LTD. Makes New 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) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 27,109 shares of the company's stock, valued at approximately $518,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. grew its position in Bilibili by 16.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company's stock worth $27,240,000 after acquiring an additional 209,963 shares in the last quarter. Trexquant Investment LP grew its position in Bilibili by 9.3% in the fourth quarter. Trexquant Investment LP now owns 754,875 shares of the company's stock worth $13,671,000 after acquiring an additional 63,960 shares in the last quarter. Jump Financial LLC purchased a new position in Bilibili in the fourth quarter worth about $11,584,000. Arrowstreet Capital Limited Partnership grew its position in Bilibili by 3,328.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company's stock worth $11,020,000 after acquiring an additional 590,763 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in 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 acquiring an additional 39,616 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a research report on Wednesday, May 21st. Wall Street Zen raised Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, HSBC upgraded Bilibili from a "hold" rating to a "buy" rating and increased their price target for the stock from $21.50 to $22.50 in a report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.62.

Bilibili Trading Up 0.3%

Shares of NASDAQ BILI traded up $0.06 during midday trading on Friday, hitting $20.90. The company's stock had a trading volume of 1,021,253 shares, compared to its average volume of 6,035,975. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $19.20 and its two-hundred day moving average is $18.81. 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 cap of $8.73 billion, a P/E ratio of -104.47 and a beta of 0.91.

Bilibili 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.