Advisors Asset Management Inc. Has $101,000 Position in Bilibili Inc. Sponsored ADR $BILI

Advisors Asset Management Inc. increased its position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 16.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,280 shares of the company’s stock after buying an additional 751 shares during the period. Advisors Asset Management Inc.’s holdings in Bilibili were worth $101,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new position in Bilibili during the first quarter valued at approximately $31,000. FNY Investment Advisers LLC acquired a new stake in shares of Bilibili in the first quarter worth $57,000. Brooklyn Investment Group boosted its holdings in shares of Bilibili by 10,989.7% during the 1st quarter. Brooklyn Investment Group now owns 3,216 shares of the company’s stock worth $61,000 after buying an additional 3,187 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Bilibili by 8.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company’s stock valued at $178,000 after buying an additional 722 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Bilibili by 40.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,279 shares of the company’s stock valued at $177,000 after buying an additional 2,676 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Trading Up 4.1%

Shares of Bilibili stock opened at $25.45 on Friday. The company’s fifty day simple moving average is $23.40 and its 200-day simple moving average is $20.57. The company has a market cap of $10.64 billion, a price-to-earnings ratio of 363.57 and a beta of 0.94. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. Bilibili Inc. Sponsored ADR has a 1 year low of $14.36 and a 1 year high of $31.77.

Analyst Upgrades and Downgrades

BILI has been the topic of a number of research analyst reports. Sanford C. Bernstein initiated coverage on shares of Bilibili in a research note on Tuesday, July 8th. They issued an “outperform” rating and a $28.00 target price on the stock. Bank of America raised their target price on shares of Bilibili from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Hsbc Global Res upgraded shares of Bilibili to a “strong-buy” rating in a research note on Wednesday, May 21st. Wall Street Zen upgraded shares of Bilibili from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Finally, Barclays raised their price objective on shares of Bilibili from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Bilibili has an average rating of “Moderate Buy” and an average price target of $24.91.

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.