Virtu Financial LLC purchased a new stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 54,042 shares of the company's stock, valued at approximately $1,033,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Bilibili by 2.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,547,057 shares of the company's stock worth $29,564,000 after purchasing an additional 42,914 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Bilibili by 44,249.8% during the first quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company's stock worth $25,731,000 after purchasing an additional 1,343,423 shares during the last quarter. Jump Financial LLC acquired a new position in Bilibili during the fourth quarter worth $11,584,000. XY Capital Ltd acquired a new position in Bilibili during the first quarter worth $11,409,000. Finally, Northern Trust Corp boosted its holdings in Bilibili by 164.2% during the fourth quarter. Northern Trust Corp now owns 235,099 shares of the company's stock worth $4,258,000 after purchasing an additional 146,111 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company's stock.
Analyst Ratings Changes
BILI has been the subject of several recent research reports. Hsbc Global Res upgraded shares of Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Wall Street Zen cut shares of Bilibili from a "buy" rating to a "hold" rating in a report on Friday, July 18th. HSBC restated a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. Sanford C. Bernstein started coverage on shares of Bilibili in a research report on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered shares of Bilibili from an "overweight" rating to a "neutral" rating and upped their price target for the stock from $21.00 to $24.00 in a research report on Monday, July 28th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.81.
Check Out Our Latest Analysis on BILI
Bilibili Stock Performance
Shares of BILI traded up $1.03 during trading hours on Friday, hitting $24.85. The company had a trading volume of 3,306,096 shares, compared to its average volume of 2,762,651. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of -124.24 and a beta of 0.94. The business has a fifty day moving average of $22.20 and a 200-day moving average of $19.98. Bilibili Inc. Sponsored ADR has a 12 month low of $12.72 and a 12 month high of $31.77. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.23.
Bilibili Profile
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Free Report)
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.
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