Quantbot Technologies LP Sells 29,422 Shares of Bilibili Inc. Sponsored ADR $BILI

Key Points

• Quantbot Technologies LP significantly reduced its stake in Bilibili Inc. by 64.4%, holding 16,233 shares worth $310,000 after selling 29,422 shares in the first quarter.
• Contrastingly, other large investors such as Mirae Asset Global Investments Co. Ltd. and Laird Norton Wetherby Wealth Management LLC have increased their positions in Bilibili, reflecting varied investor sentiment.
• Bilibili's stock is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $24.91, indicating potential for growth despite recent fluctuations.

Quantbot Technologies LP trimmed its stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 64.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,233 shares of the company's stock after selling 29,422 shares during the quarter. Quantbot Technologies LP's holdings in Bilibili were worth $310,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in Bilibili in the first quarter worth $57,000. Brooklyn Investment Group lifted its stake in shares of Bilibili by 10,989.7% in the first quarter. Brooklyn Investment Group now owns 3,216 shares of the company's stock valued at $61,000 after buying an additional 3,187 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake 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 buying an additional 2,676 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 buying an additional 722 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in shares of Bilibili in the fourth quarter valued at $200,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Jefferies Financial Group set a $28.00 price target on shares of Bilibili in a research report on Thursday, August 21st. Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Benchmark reduced their price objective on shares of Bilibili from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Finally, Barclays boosted their price objective on shares of Bilibili from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Bilibili presently has an average rating of "Moderate Buy" and a consensus price target of $24.91.

Bilibili Trading Up 3.7%

Shares of BILI traded up $0.84 during mid-day trading on Monday, reaching $23.26. The company's stock had a trading volume of 3,007,212 shares, compared to its average volume of 3,161,878. The stock has a market cap of $9.72 billion, a PE ratio of 332.29 and a beta of 0.94. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. Bilibili Inc. Sponsored ADR has a 52 week low of $14.08 and a 52 week high of $31.77. The company's fifty day moving average price is $22.90 and its two-hundred day moving average price is $20.42.

Bilibili 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.