Myriad Asset Management US LP Invests $1.78 Million in Bilibili Inc. (NASDAQ:BILI)

Myriad Asset Management US LP acquired a new stake in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 92,874 shares of the company's stock, valued at approximately $1,775,000. Bilibili accounts for 0.7% of Myriad Asset Management US LP's portfolio, making the stock its 22nd biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jump Financial LLC bought a new position in shares of Bilibili during the 4th quarter valued at about $11,584,000. Arrowstreet Capital Limited Partnership lifted its stake in Bilibili by 3,328.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company's stock valued at $11,020,000 after purchasing an additional 590,763 shares during the last quarter. Jennison Associates LLC boosted its holdings in Bilibili by 26.4% during the fourth quarter. Jennison Associates LLC now owns 2,285,264 shares of the company's stock worth $41,386,000 after buying an additional 477,740 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Bilibili in the fourth quarter worth approximately $4,186,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of 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 valued at $27,240,000 after buying an additional 209,963 shares in the last quarter. Institutional investors own 16.08% of the company's stock.

Analyst Upgrades and Downgrades

BILI has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Benchmark increased their target price on shares of Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Hsbc Global Res upgraded shares of Bilibili to a "strong-buy" rating in a research report on Wednesday, May 21st. Finally, Nomura Securities lowered shares of Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.56.

Bilibili Trading Up 1.1%

Shares of BILI stock traded up $0.21 on Thursday, reaching $18.48. The company had a trading volume of 2,921,326 shares, compared to its average volume of 5,811,135. The company has a 50-day moving average of $17.62 and a 200-day moving average of $18.67. Bilibili Inc. has a 12 month low of $12.72 and a 12 month high of $31.77. The stock has a market cap of $7.70 billion, a PE ratio of -41.07 and a beta of 0.93. The company has a current ratio of 1.34, a quick ratio of 1.05 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.