Arrowstreet Capital Limited Partnership Has $35.42 Million Stock Position in Bilibili Inc. Sponsored ADR $BILI

Arrowstreet Capital Limited Partnership lifted its position in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 11.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,651,137 shares of the company’s stock after purchasing an additional 167,376 shares during the period. Arrowstreet Capital Limited Partnership owned 0.40% of Bilibili worth $35,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Bilibili by 7.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock valued at $214,000 after purchasing an additional 709 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Bilibili by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 103,666 shares of the company’s stock valued at $2,224,000 after purchasing an additional 713 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Bilibili by 16.6% during the first quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock worth $101,000 after buying an additional 751 shares during the last quarter. Royal Bank of Canada raised its position in Bilibili by 1.2% in the first quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock valued at $1,672,000 after purchasing an additional 1,014 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Bilibili by 25.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after buying an additional 1,081 shares during the period. Institutional investors and hedge funds own 16.08% of the company’s stock.

Analysts Set New Price Targets

BILI has been the subject of a number of analyst reports. Benchmark raised their price objective on Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Barclays raised their target price on Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Jefferies Financial Group set a $28.00 price target on shares of Bilibili in a research note on Thursday, August 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein upped their target price on shares of Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.61.

Bilibili Price Performance

BILI stock opened at $25.80 on Friday. The firm has a 50 day moving average of $27.63 and a 200-day moving average of $24.25. The firm has a market capitalization of $10.78 billion, a P/E ratio of 103.20 and a beta of 0.73. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. Bilibili Inc. Sponsored ADR has a 12 month low of $14.47 and a 12 month high of $32.50.

Bilibili Profile

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.