Rovida Investment Management Ltd Takes $1.91 Million Position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI)

Key Points

• Rovida Investment Management Ltd acquired a new stake in Bilibili Inc., purchasing 100,000 shares valued at approximately $1.9 million, making Bilibili its 16th largest position.
• Analysts have mixed views on Bilibili, with ratings ranging from "buy" to "hold," and an average price target of $23.81.
• Bilibili's stock is currently trading at $22.75, with a market cap of $9.51 billion and a 1-year low of $12.72.

Rovida Investment Management Ltd bought 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 and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the company's stock, valued at approximately $1,911,000. Bilibili makes up approximately 0.6% of Rovida Investment Management Ltd's investment portfolio, making the stock its 16th biggest position.

Several other large investors also recently made changes to their positions in the business. Federated Hermes Inc. boosted its holdings in Bilibili by 44,249.8% in the first quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company's stock valued at $25,731,000 after acquiring an additional 1,343,423 shares during the last quarter. Jump Financial LLC acquired a new position in Bilibili in the fourth quarter valued at about $11,584,000. XY Capital Ltd acquired a new position in Bilibili in the first quarter valued at about $11,409,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Bilibili during the fourth quarter worth about $4,186,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Bilibili during the fourth quarter worth about $2,689,000. Institutional investors own 16.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BILI shares. Wall Street Zen lowered Bilibili from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Sanford C. Bernstein began coverage on Bilibili in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 price target on the stock. HSBC restated a "buy" rating on shares of Bilibili in a research report on Tuesday, July 15th. Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. downgraded Bilibili from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $21.00 to $24.00 in a research note on Monday, July 28th. Four 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 data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $23.81.

Bilibili Stock Down 1.8%

Bilibili stock traded down $0.45 during trading hours on Thursday, hitting $23.93. 1,483,024 shares of the stock traded hands, compared to its average volume of 4,949,877. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23. The firm's 50-day moving average price is $21.97 and its two-hundred day moving average price is $19.88. Bilibili Inc. Sponsored ADR has a one year low of $12.72 and a one year high of $31.77. The company has a market cap of $10.00 billion, a PE ratio of -119.62 and a beta of 0.94.

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.