Arrowstreet Capital Limited Partnership Raises Stake in Bilibili Inc. Sponsored ADR $BILI

Arrowstreet Capital Limited Partnership increased its stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 11.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,651,137 shares of the company’s stock after buying an additional 167,376 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Bilibili were worth $35,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BILI. Norges Bank purchased a new stake in Bilibili during the 2nd quarter valued at $244,000. Quadrature Capital Ltd bought a new position in shares of Bilibili during the second quarter valued at $2,729,000. Hsbc Holdings PLC lifted its holdings in shares of Bilibili by 164.4% during the second quarter. Hsbc Holdings PLC now owns 73,639 shares of the company’s stock valued at $1,574,000 after purchasing an additional 45,784 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Bilibili during the second quarter valued at $6,819,000. Finally, Advisors Asset Management Inc. increased its holdings in Bilibili by 19.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock worth $135,000 after buying an additional 1,005 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BILI. Sanford C. Bernstein increased their price objective on shares of Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Wall Street Zen raised Bilibili from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Jefferies Financial Group set a $28.00 price objective on Bilibili in a report on Thursday, August 21st. Macquarie assumed coverage on Bilibili in a research report on Tuesday, October 14th. They set an “outperform” rating and a $36.03 price objective for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.61.

Bilibili Trading Up 0.4%

Shares of Bilibili stock opened at $25.80 on Friday. Bilibili Inc. Sponsored ADR has a twelve month low of $14.47 and a twelve month high of $32.50. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $27.63 and a 200-day moving average price of $24.25. The firm has a market cap of $10.78 billion, a price-to-earnings ratio of 103.20 and a beta of 0.73.

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.