Vontobel Holding Ltd. Acquires 16,482 Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI)

Vontobel Holding Ltd. boosted its stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 87.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,239 shares of the company's stock after acquiring an additional 16,482 shares during the period. Vontobel Holding Ltd.'s holdings in Bilibili were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BILI. Jump Financial LLC bought a new position in shares of Bilibili during the 4th quarter valued at about $11,584,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Bilibili by 3,328.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company's stock worth $11,020,000 after buying an additional 590,763 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Bilibili during the fourth quarter worth approximately $4,186,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Bilibili by 16.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company's stock worth $27,240,000 after purchasing an additional 209,963 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Bilibili during the fourth quarter worth approximately $2,689,000. Institutional investors own 16.08% of the company's stock.

Wall Street Analyst Weigh In

BILI has been the subject of several research reports. Hsbc Global Res upgraded shares of Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. HSBC raised shares of Bilibili from a "hold" rating to a "buy" rating and lifted their price objective for the company from $21.50 to $22.50 in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of Bilibili from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Bilibili has an average rating of "Moderate Buy" and an average target price of $21.62.

Bilibili Stock Performance

BILI stock traded up $1.60 during trading on Monday, reaching $22.48. 5,488,899 shares of the stock were exchanged, compared to its average volume of 5,418,583. Bilibili Inc. Sponsored ADR has a twelve month low of $12.72 and a twelve month high of $31.77. The company has a market capitalization of $9.40 billion, a P/E ratio of -112.39 and a beta of 0.91. The stock has a 50 day simple moving average of $19.20 and a 200-day simple moving average of $18.81. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23.

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.