30,568 Shares in Bilibili Inc. Sponsored ADR $BILI Bought by ABC Arbitrage SA

ABC Arbitrage SA acquired a new stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,568 shares of the company’s stock, valued at approximately $859,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Bilibili by 226.9% in the third quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock valued at $61,000 after buying an additional 1,518 shares during the last quarter. Hantz Financial Services Inc. grew its stake in Bilibili by 253.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock valued at $102,000 after acquiring an additional 2,608 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Bilibili by 25.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after buying an additional 1,081 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Bilibili by 19.0% during the second quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock worth $135,000 after buying an additional 1,005 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in Bilibili in the 2nd quarter valued at $214,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Stock Performance

Shares of BILI stock opened at $31.84 on Thursday. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 127.36 and a beta of 0.73. Bilibili Inc. Sponsored ADR has a 1-year low of $14.47 and a 1-year high of $36.40. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. The stock’s fifty day simple moving average is $28.73 and its 200-day simple moving average is $26.94.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BILI shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Sanford C. Bernstein upped their target price on shares of Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Barclays raised their price objective on shares of Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Wall Street Zen raised Bilibili from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Benchmark boosted their price objective on shares of Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.61.

Bilibili 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.