Hsbc Holdings PLC Raises Stake in Bilibili Inc. Sponsored ADR $BILI

Hsbc Holdings PLC increased its holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 535.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,229 shares of the company’s stock after buying an additional 50,754 shares during the quarter. Hsbc Holdings PLC’s holdings in Bilibili were worth $1,483,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in shares of Bilibili in the fourth quarter worth $43,000. JPMorgan Chase & Co. lifted its position in Bilibili by 25.7% during the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after purchasing an additional 1,081 shares during the period. Hantz Financial Services Inc. lifted its position in Bilibili by 61.7% during the fourth quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock valued at $145,000 after purchasing an additional 2,247 shares during the period. Bridgewater Advisors Inc. purchased a new stake in Bilibili in the fourth quarter valued at $175,000. Finally, Compound Planning Inc. purchased a new stake in Bilibili in the third quarter valued at $224,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Trading Up 1.0%

Shares of Bilibili stock opened at $17.03 on Wednesday. The firm has a 50-day simple moving average of $19.16 and a two-hundred day simple moving average of $24.55. The company has a market cap of $7.06 billion, a P/E ratio of 37.85 and a beta of 0.71. Bilibili Inc. Sponsored ADR has a fifty-two week low of $15.79 and a fifty-two week high of $36.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 1.35.

Bilibili (NASDAQ:BILI) last posted its earnings results on Saturday, May 16th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Bilibili had a return on equity of 10.81% and a net margin of 4.58%.The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities analysts predict that Bilibili Inc. Sponsored ADR will post 0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on BILI. Citigroup upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Friday, March 27th. Morgan Stanley upgraded Bilibili from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $25.00 to $31.00 in a research note on Monday, April 13th. Weiss Ratings lowered Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Macquarie Infrastructure reiterated an “outperform” rating and set a $30.00 price target on shares of Bilibili in a research report on Tuesday, May 19th. Finally, Benchmark reiterated a “buy” rating on shares of Bilibili in a research report on Wednesday, May 20th. Nine research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $30.78.

Bilibili Company Profile

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.