Vontobel Holding Ltd. Grows Stock Position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI)

Vontobel Holding Ltd. raised its stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 87.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,239 shares of the company's stock after acquiring an additional 16,482 shares during the quarter. Vontobel Holding Ltd.'s holdings in Bilibili were worth $673,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Bilibili by 8.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock worth $178,000 after buying an additional 722 shares during the period. Rakuten Securities Inc. raised its stake in shares of Bilibili by 39.5% during the 1st quarter. Rakuten Securities Inc. now owns 12,725 shares of the company's stock worth $243,000 after buying an additional 3,601 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Bilibili during the 1st quarter worth approximately $57,000. Myriad Asset Management US LP acquired a new position in shares of Bilibili during the 1st quarter worth approximately $1,775,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Bilibili in the 4th quarter valued at $2,689,000. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Stock Performance

BILI traded up $0.07 during trading on Thursday, hitting $21.84. The stock had a trading volume of 1,573,439 shares, compared to its average volume of 5,976,266. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market capitalization of $9.13 billion, a P/E ratio of -109.19 and a beta of 0.91. The company's 50-day moving average price is $19.49 and its 200 day moving average price is $18.88. Bilibili Inc. Sponsored ADR has a twelve month low of $12.72 and a twelve month high of $31.77.

Analyst Ratings Changes

Several research analysts recently commented on the company. HSBC raised Bilibili from a "hold" rating to a "buy" rating and increased their price objective for the company from $21.50 to $22.50 in a research note on Wednesday, May 21st. Sanford C. Bernstein initiated coverage on Bilibili in a report on Tuesday. They set an "outperform" rating and a $28.00 price target for the company. Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Wall Street Zen upgraded Bilibili from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $23.29.

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.