Invesco Ltd. trimmed its holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 339,720 shares of the company's stock after selling 15,329 shares during the quarter. Invesco Ltd. owned 0.08% of Bilibili worth $6,492,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Bilibili by 2.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,547,057 shares of the company's stock valued at $29,564,000 after acquiring an additional 42,914 shares during the period. Federated Hermes Inc. lifted its position in Bilibili by 44,249.8% in the first quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company's stock worth $25,731,000 after purchasing an additional 1,343,423 shares during the period. XY Capital Ltd bought a new position in Bilibili in the first quarter worth $11,409,000. Northern Trust Corp lifted its position in Bilibili by 164.2% in the fourth quarter. Northern Trust Corp now owns 235,099 shares of the company's stock worth $4,258,000 after purchasing an additional 146,111 shares during the period. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Bilibili in the fourth quarter worth $4,186,000. 16.08% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Benchmark reduced their target price on Bilibili from $30.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Bank of America lifted their price objective on Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Sanford C. Bernstein assumed coverage on Bilibili in a report on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price objective for the company. Hsbc Global Res raised Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Jefferies Financial Group set a $28.00 price objective on Bilibili in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Bilibili has a consensus rating of "Moderate Buy" and a consensus target price of $24.91.
Read Our Latest Research Report on BILI
Bilibili Price Performance
Shares of NASDAQ:BILI traded up $0.84 during midday trading on Friday, reaching $23.26. The company's stock had a trading volume of 3,007,212 shares, compared to its average volume of 3,144,561. Bilibili Inc. Sponsored ADR has a fifty-two week low of $14.08 and a fifty-two week high of $31.77. The company has a market capitalization of $9.72 billion, a P/E ratio of 332.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60. The business's fifty day simple moving average is $22.90 and its 200-day simple moving average is $20.42.
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.
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