LGT Fund Management Co Ltd. Invests $3.21 Million in Bilibili Inc. Sponsored ADR (NASDAQ:BILI)

Key Points

• LGT Fund Management Co Ltd. acquired a stake in Bilibili Inc., buying 168,150 shares valued at approximately $3,213,000 in Q1.
• Several hedge funds also invested in Bilibili, with Russell Investments Group Ltd. purchasing a stake worth $26,725,000 during the same period.
• Wall Street analysts have mixed opinions on Bilibili, with ratings ranging from "strong-buy" to "hold," and an average target price of $23.81.

LGT Fund Management Co Ltd. bought a new stake in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 168,150 shares of the company's stock, valued at approximately $3,213,000.

Several other large investors have also bought and sold shares of BILI. Vontobel Holding Ltd. lifted its holdings in shares of Bilibili by 87.9% during the first quarter. Vontobel Holding Ltd. now owns 35,239 shares of the company's stock valued at $673,000 after purchasing an additional 16,482 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Bilibili by 8.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock worth $178,000 after purchasing an additional 722 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Bilibili during the 4th quarter worth about $55,000. Northern Trust Corp raised its stake in shares of Bilibili by 164.2% during the 4th 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 in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Bilibili during the 4th quarter valued at about $200,000. Institutional investors own 16.08% of the company's stock.

Bilibili Stock Up 4.3%

BILI traded up $1.03 during trading on Friday, reaching $24.85. The company had a trading volume of 3,306,096 shares, compared to its average volume of 2,762,651. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36. Bilibili Inc. Sponsored ADR has a 12 month low of $12.72 and a 12 month high of $31.77. The business's fifty day moving average price is $22.20 and its 200 day moving average price is $19.98. The company has a market cap of $10.39 billion, a P/E ratio of -124.24 and a beta of 0.94.

Analysts Set New Price Targets

BILI has been the topic of a number of research analyst reports. HSBC reaffirmed a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. Bank of America raised their target price on Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. downgraded Bilibili from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $21.00 to $24.00 in a research report on Monday, July 28th. Wall Street Zen downgraded Bilibili from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Hsbc Global Res raised Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.81.

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.