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

A number of other institutional investors also recently bought and sold shares of BILI. Federated Hermes Inc. purchased a new stake in Bilibili during the fourth quarter worth $55,000. FNY Investment Advisers LLC purchased a new stake in shares of Bilibili in the first quarter valued at $57,000. PNC Financial Services Group Inc. lifted its position in shares of Bilibili by 40.5% in the first quarter. PNC Financial Services Group Inc. now owns 9,279 shares of the company's stock valued at $177,000 after acquiring an additional 2,676 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Bilibili by 8.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock valued at $178,000 after acquiring an additional 722 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Bilibili in the fourth quarter valued at $200,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BILI shares. Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a research report on Wednesday, May 21st. Sanford C. Bernstein started coverage on Bilibili in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 price objective on the stock. HSBC restated a "buy" rating on shares of Bilibili in a research report on Tuesday, July 15th. Bank of America upped their price objective on Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, Wall Street Zen downgraded Bilibili from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $23.81.

Bilibili Trading Down 2.3%

Bilibili stock traded down $0.55 during trading on Thursday, hitting $23.82. The company's stock had a trading volume of 2,151,173 shares, compared to its average volume of 2,785,960. The stock has a market capitalization of $9.96 billion, a price-to-earnings ratio of -119.09 and a beta of 0.94. The stock's fifty day moving average is $22.08 and its 200 day moving average is $19.93. Bilibili Inc. Sponsored ADR has a 1-year low of $12.72 and a 1-year high of $31.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36.

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.