ABN Amro Investment Solutions Boosts Stock Position in Bilibili Inc. Sponsored ADR $BILI

ABN Amro Investment Solutions lifted its stake in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 38.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,320 shares of the company’s stock after acquiring an additional 18,836 shares during the quarter. ABN Amro Investment Solutions’ holdings in Bilibili were worth $1,891,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Bilibili during the 2nd quarter valued at $6,819,000. Man Group plc raised its holdings in Bilibili by 21.9% during the second quarter. Man Group plc now owns 1,460,147 shares of the company’s stock valued at $31,320,000 after acquiring an additional 262,554 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Bilibili in the second quarter valued at about $4,111,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Bilibili by 11.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,651,137 shares of the company’s stock worth $35,417,000 after acquiring an additional 167,376 shares during the period. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of Bilibili during the second quarter worth about $2,917,000. Institutional investors own 16.08% of the company’s stock.

Bilibili Trading Up 1.0%

BILI stock opened at $30.60 on Tuesday. The firm’s 50-day moving average is $29.01 and its 200 day moving average is $27.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64. Bilibili Inc. Sponsored ADR has a 12 month low of $14.47 and a 12 month high of $36.40. The company has a market capitalization of $12.79 billion, a PE ratio of 122.40 and a beta of 0.73.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays upped their price target on Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Wall Street Zen raised shares of Bilibili from a “hold” rating to a “buy” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. lifted their price target on shares of Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Citigroup increased their price objective on shares of Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Finally, Sanford C. Bernstein lifted their target price on Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Bilibili presently has an average rating of “Moderate Buy” and a consensus price target of $29.61.

About Bilibili

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.