Bilibili Inc. Sponsored ADR $BILI Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 59.2% in the third quarter, HoldingsChannel.com reports. The firm owned 22,622 shares of the company’s stock after selling 32,791 shares during the quarter. GSA Capital Partners LLP’s holdings in Bilibili were worth $635,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Bilibili in the second quarter valued at about $6,819,000. Man Group plc increased its stake in Bilibili by 21.9% in the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company’s stock valued at $31,320,000 after purchasing an additional 262,554 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Bilibili in the 2nd quarter valued at approximately $4,111,000. Arrowstreet Capital Limited Partnership raised its holdings in Bilibili by 11.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,651,137 shares of the company’s stock worth $35,417,000 after purchasing an additional 167,376 shares during the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new stake in Bilibili during the second quarter worth $2,917,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Analyst Ratings Changes

BILI has been the subject of a number of research analyst reports. Citigroup raised their price target on Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. Benchmark increased their price objective on shares of Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 14th. JPMorgan Chase & Co. lifted their target price on shares of Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Bank of America lowered their price target on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Finally, Barclays lifted their price objective on Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Bilibili presently has an average rating of “Moderate Buy” and an average target price of $29.61.

Bilibili Stock Performance

NASDAQ:BILI opened at $30.30 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market cap of $12.67 billion, a PE ratio of 121.20 and a beta of 0.73. The firm has a 50 day simple moving average of $29.47 and a 200-day simple moving average of $27.37. Bilibili Inc. Sponsored ADR has a 1-year low of $14.47 and a 1-year high of $36.40.

About Bilibili

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.