Hsbc Holdings PLC Purchases 50,754 Shares of Bilibili Inc. Sponsored ADR $BILI

Hsbc Holdings PLC boosted its position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 535.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BILI. Kestra Advisory Services LLC bought a new stake in Bilibili during the fourth quarter valued at about $43,000. JPMorgan Chase & Co. increased its stake in shares of Bilibili by 25.7% in the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after purchasing an additional 1,081 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Bilibili by 61.7% during the 4th quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock worth $145,000 after purchasing an additional 2,247 shares during the last quarter. Bridgewater Advisors Inc. bought a new stake in Bilibili during the 4th quarter valued at approximately $175,000. Finally, Advisors Asset Management Inc. boosted its stake in Bilibili by 26.1% during the 4th quarter. Advisors Asset Management Inc. now owns 8,092 shares of the company’s stock valued at $199,000 after purchasing an additional 1,677 shares during the period. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Performance

Bilibili stock traded down $0.14 during trading hours on Friday, hitting $17.70. The stock had a trading volume of 1,601,553 shares, compared to its average volume of 2,048,349. The company has a 50-day moving average of $18.37 and a two-hundred day moving average of $24.16. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.30. 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 market cap of $7.34 billion, a PE ratio of 39.33 and a beta of 0.70.

Analyst Ratings Changes

Several research analysts have commented on BILI shares. Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Morgan Stanley upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $25.00 to $31.00 in a research note on Monday, April 13th. Weiss Ratings lowered shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. Macquarie Infrastructure reiterated an “outperform” rating and set a $30.00 target price on shares of Bilibili in a research note on Tuesday, May 19th. Finally, JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and increased their price target for the company from $27.00 to $35.00 in a report on Tuesday, March 17th. Nine research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently 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.