Virtu Financial LLC Takes Position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI)

Key Points

• Virtu Financial LLC has invested approximately $1.03 million in Bilibili Inc. by acquiring 54,042 shares, as reported in its latest 13F filing.
• Bilibili's stock saw a 1.6% increase recently, with a market capitalization of $9.67 billion and a P/E ratio of -115.62.
• Equities research analysts have given Bilibili a consensus rating of "Moderate Buy", with target prices ranging from $24.00 to $28.00 among various institutions.

Virtu Financial LLC acquired a new stake in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 54,042 shares of the company's stock, valued at approximately $1,033,000.

A number of other hedge funds have also recently modified their holdings of the business. Federated Hermes Inc. bought a new position in Bilibili in the 4th quarter worth about $55,000. FNY Investment Advisers LLC bought a new position in Bilibili during the 1st quarter valued at about $57,000. PNC Financial Services Group Inc. lifted its stake in Bilibili by 40.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,279 shares of the company's stock valued at $177,000 after acquiring an additional 2,676 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Bilibili by 8.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock valued at $178,000 after acquiring an additional 722 shares during the period. Finally, Dimensional Fund Advisors LP bought a new position in Bilibili during the 4th quarter valued at about $200,000. Institutional investors own 16.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. HSBC reaffirmed a "buy" rating on shares of Bilibili in a research report on Tuesday, July 15th. Sanford C. Bernstein assumed coverage on shares of Bilibili in a research report on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price target for the company. JPMorgan Chase & Co. lowered shares of Bilibili from an "overweight" rating to a "neutral" rating and upped their price target for the company from $21.00 to $24.00 in a research report on Monday, July 28th. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Bank of America increased their target price on shares of Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Four investment 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $23.81.

Bilibili Stock Down 2.3%

Shares of BILI stock traded down $0.55 during trading hours on Thursday, reaching $23.82. 2,151,173 shares of the company's stock were exchanged, compared to its average volume of 4,954,503. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23. Bilibili Inc. Sponsored ADR has a 1 year low of $12.72 and a 1 year high of $31.77. The stock has a market cap of $9.96 billion, a PE ratio of -119.09 and a beta of 0.94. The stock's fifty day moving average price is $21.97 and its two-hundred day moving average price is $19.88.

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.