Bilibili Inc. Sponsored ADR $BILI Stock Position Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 40.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,279 shares of the company’s stock after buying an additional 2,676 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Bilibili were worth $177,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE lifted its position in shares of Bilibili by 4.0% during the 1st quarter. US Bancorp DE now owns 59,234 shares of the company’s stock valued at $1,132,000 after acquiring an additional 2,289 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of Bilibili during the first quarter valued at $862,000. Bayforest Capital Ltd boosted its position in shares of Bilibili by 314.2% in the 1st quarter. Bayforest Capital Ltd now owns 50,610 shares of the company’s stock valued at $967,000 after purchasing an additional 38,392 shares during the period. Federated Hermes Inc. increased its stake in Bilibili by 44,249.8% in the 1st quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company’s stock worth $25,731,000 after purchasing an additional 1,343,423 shares in the last quarter. Finally, Ping Capital Management Inc. increased its stake in Bilibili by 14.3% in the 1st quarter. Ping Capital Management Inc. now owns 40,000 shares of the company’s stock worth $764,000 after purchasing an additional 5,000 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Stock Up 2.0%

Shares of BILI stock opened at $25.35 on Tuesday. The stock’s 50 day simple moving average is $22.32 and its 200 day simple moving average is $20.08. Bilibili Inc. Sponsored ADR has a twelve month low of $12.72 and a twelve month high of $31.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of -126.74 and a beta of 0.94.

Analysts Set New Price Targets

BILI has been the topic of several analyst reports. Hsbc Global Res raised shares of Bilibili to a “strong-buy” rating in a research report on Wednesday, May 21st. HSBC reiterated a “buy” rating on shares of Bilibili in a research report on Tuesday, July 15th. Bank of America increased their target price on Bilibili from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, July 17th. JPMorgan Chase & Co. downgraded Bilibili from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $21.00 to $24.00 in a report on Monday, July 28th. Finally, Sanford C. Bernstein assumed coverage on Bilibili in a research report on Tuesday, July 8th. They set an “outperform” rating and a $28.00 price target on the stock. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.81.

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.