Long Corridor Asset Management Ltd Takes $698,000 Position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI)

Key Points

• Long Corridor Asset Management Ltd acquired 36,500 shares of Bilibili Inc., valued at approximately $698,000, making it the firm's 18th largest position.
• Several institutional investors, including LGT Fund Management and Russell Investments Group, have recently increased their stakes in Bilibili, reflecting growing interest in the stock.
• Analysts have mixed opinions on Bilibili, with ratings ranging from a "strong-buy" from HSBC to a "hold" from Wall Street Zen, highlighting varied expectations for the company's stock performance.

Long Corridor Asset Management Ltd purchased a new stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,500 shares of the company's stock, valued at approximately $698,000. Bilibili makes up approximately 0.5% of Long Corridor Asset Management Ltd's investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds have also recently bought and sold shares of BILI. FNY Investment Advisers LLC acquired a new stake in shares of Bilibili in the first quarter valued at approximately $57,000. Federated Hermes Inc. acquired a new stake in Bilibili during the 4th quarter worth approximately $55,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 during the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 purchasing an additional 2,676 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Bilibili during the 4th quarter worth approximately $200,000. 16.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BILI has been the topic of a number of recent research reports. Bank of America raised their price objective on Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. HSBC reiterated a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Wall Street Zen lowered Bilibili from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Sanford C. Bernstein started coverage on Bilibili in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 price target on the stock. Four investment 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 stock. According to data from MarketBeat, Bilibili currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.81.

Bilibili Trading Up 4.3%

BILI traded up $1.03 during midday trading on Friday, hitting $24.85. 3,306,096 shares of the company were exchanged, compared to its average volume of 2,762,651. The firm has a market capitalization of $10.39 billion, a P/E ratio of -124.24 and a beta of 0.94. Bilibili Inc. Sponsored ADR has a 1-year low of $12.72 and a 1-year high of $31.77. The firm's 50 day moving average price is $22.20 and its 200-day moving average price is $20.00. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.23.

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.