100,000 Shares in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Purchased by Rovida Investment Management Ltd

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 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 100,000 shares of the company's stock, valued at approximately $1,911,000. Bilibili comprises 0.6% of Rovida Investment Management Ltd's investment portfolio, making the stock its 16th largest position.

Other hedge funds have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Bilibili by 2.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,547,057 shares of the company's stock valued at $29,564,000 after buying an additional 42,914 shares in the last quarter. XY Capital Ltd acquired a new stake in shares of Bilibili in the first quarter valued at approximately $11,409,000. PNC Financial Services Group Inc. raised 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 buying an additional 2,676 shares in the last quarter. US Bancorp DE raised its position in shares of Bilibili by 4.0% in the first quarter. US Bancorp DE now owns 59,234 shares of the company's stock valued at $1,132,000 after buying an additional 2,289 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Bilibili in the first quarter valued at approximately $862,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BILI has been the topic of a number of recent analyst reports. Sanford C. Bernstein began coverage on shares of Bilibili in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 price objective on the stock. Wall Street Zen lowered Bilibili from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. HSBC reissued a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. Bank of America upped their price objective on shares of Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. cut shares of Bilibili from an "overweight" rating to a "neutral" rating and boosted their target price 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $23.81.

Bilibili Stock Down 1.2%

Shares of BILI stock traded down $0.27 on Tuesday, reaching $22.86. 2,419,559 shares of the company were exchanged, compared to its average volume of 2,899,900. The company has a market cap of $9.56 billion, a price-to-earnings ratio of -114.29 and a beta of 0.94. The company has a 50-day moving average of $21.85 and a 200-day moving average of $19.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36. Bilibili Inc. Sponsored ADR has a one year low of $12.72 and a one year high of $31.77.

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.