Vise Technologies Inc. Purchases New Stake in Bilibili Inc. (NASDAQ:BILI)

Vise Technologies Inc. acquired a new position in shares of Bilibili Inc. (NASDAQ:BILI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,187 shares of the company's stock, valued at approximately $329,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Matthews International Capital Management LLC raised its holdings in Bilibili by 11.3% during the 4th quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company's stock worth $6,364,000 after purchasing an additional 35,692 shares during the last quarter. Barclays PLC increased its stake in shares of Bilibili by 13.5% in the 3rd quarter. Barclays PLC now owns 127,563 shares of the company's stock valued at $2,982,000 after acquiring an additional 15,136 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Bilibili in the 4th quarter valued at about $55,000. Northern Trust Corp increased its stake in shares of Bilibili by 164.2% in the 4th quarter. Northern Trust Corp now owns 235,099 shares of the company's stock valued at $4,258,000 after acquiring an additional 146,111 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in shares of Bilibili in the 4th quarter valued at about $340,000. 16.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on BILI shares. HSBC raised Bilibili from a "hold" rating to a "buy" rating and upped their price target for the company from $21.50 to $22.50 in a research note on Wednesday, May 21st. Benchmark upped their price target on Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Hsbc Global Res raised Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Wall Street Zen raised Bilibili from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Barclays increased their price objective on Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.24.

Bilibili Stock Performance

Shares of BILI traded down $0.90 during midday trading on Friday, reaching $18.17. 5,543,499 shares of the stock were exchanged, compared to its average volume of 6,361,571. Bilibili Inc. has a twelve month low of $12.72 and a twelve month high of $31.77. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The company has a market cap of $7.57 billion, a P/E ratio of -40.38 and a beta of 0.93. The stock's 50 day simple moving average is $17.71 and its 200 day simple moving average is $18.69.

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.