Northern Trust Corp Has $4.26 Million Stake in Bilibili Inc. (NASDAQ:BILI)

Northern Trust Corp boosted its holdings in Bilibili Inc. (NASDAQ:BILI - Free Report) by 164.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 235,099 shares of the company's stock after purchasing an additional 146,111 shares during the period. Northern Trust Corp owned about 0.06% of Bilibili worth $4,258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Avior Wealth Management LLC raised its position in shares of Bilibili by 1,817.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock worth $27,000 after purchasing an additional 1,436 shares during the period. Federated Hermes Inc. acquired a new stake in Bilibili in the 4th quarter valued at approximately $55,000. Blue Trust Inc. increased its position in shares of Bilibili by 147.8% during the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company's stock valued at $58,000 after purchasing an additional 1,896 shares during the period. Rakuten Securities Inc. increased its position in shares of Bilibili by 145.8% during the 4th quarter. Rakuten Securities Inc. now owns 9,124 shares of the company's stock valued at $165,000 after purchasing an additional 5,412 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Bilibili during the 4th quarter valued at $200,000. Hedge funds and other institutional investors own 16.08% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BILI. Barclays lifted their price target on Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Nomura Securities cut Bilibili from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Benchmark lifted their price target on Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Hsbc Global Res raised Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen raised Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.24.

Bilibili Stock Up 2.6%

Shares of Bilibili stock traded up $0.50 during trading on Tuesday, hitting $19.43. 5,663,617 shares of the stock traded hands, compared to its average volume of 6,378,180. The stock has a market cap of $8.09 billion, a P/E ratio of -43.18 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34. Bilibili Inc. has a twelve month low of $12.72 and a twelve month high of $31.77. The company has a fifty day moving average price of $17.76 and a two-hundred day moving average price of $18.74.

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.