Federated Hermes Inc. Acquires 133,828 Shares of Bilibili Inc. Sponsored ADR $BILI

Federated Hermes Inc. boosted its holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 9.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,480,287 shares of the company’s stock after buying an additional 133,828 shares during the quarter. Federated Hermes Inc. owned approximately 0.35% of Bilibili worth $31,752,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC acquired a new stake in Bilibili in the second quarter valued at approximately $214,000. Y Intercept Hong Kong Ltd acquired a new position in Bilibili in the 2nd quarter worth about $4,111,000. Hsbc Holdings PLC raised its position in Bilibili by 48.8% in the first quarter. Hsbc Holdings PLC now owns 27,855 shares of the company’s stock valued at $531,000 after purchasing an additional 9,134 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Bilibili by 7.7% during 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. Finally, Rovida Advisors Inc. bought a new stake in shares of Bilibili during the second quarter worth about $2,145,000. Institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of BILI stock opened at $25.37 on Wednesday. The stock’s 50-day moving average is $27.55 and its 200 day moving average is $24.44. Bilibili Inc. Sponsored ADR has a 1-year low of $14.47 and a 1-year high of $32.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market cap of $10.60 billion, a P/E ratio of 101.48 and a beta of 0.73.

Wall Street Analyst Weigh In

BILI has been the subject of a number of research reports. Wall Street Zen upgraded shares of Bilibili from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Jefferies Financial Group set a $28.00 price target on shares of Bilibili in a research report on Thursday, August 21st. JPMorgan Chase & Co. lifted their price target on shares of Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. Benchmark boosted their price objective on shares of Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Finally, Macquarie began coverage on Bilibili in a research report on Tuesday, October 14th. They set an “outperform” rating and a $36.03 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and an average target price of $29.61.

Bilibili Company 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.