Bayforest Capital Ltd Increases Holdings in Bilibili Inc. Sponsored ADR $BILI

Bayforest Capital Ltd raised its stake in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,446 shares of the company’s stock after buying an additional 3,836 shares during the quarter. Bilibili comprises about 0.5% of Bayforest Capital Ltd’s investment portfolio, making the stock its 17th biggest holding. Bayforest Capital Ltd’s holdings in Bilibili were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in Bilibili by 2.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,547,057 shares of the company’s stock valued at $29,564,000 after purchasing an additional 42,914 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Bilibili during the 1st quarter valued at about $26,725,000. Federated Hermes Inc. lifted its stake in Bilibili by 44,249.8% during the 1st quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company’s stock valued at $25,731,000 after acquiring an additional 1,343,423 shares during the period. XY Capital Ltd bought a new position in Bilibili during the 1st quarter valued at about $11,409,000. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in Bilibili by 3.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 202,464 shares of the company’s stock valued at $3,869,000 after acquiring an additional 7,300 shares during the period. 16.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, October 8th. Jefferies Financial Group set a $28.00 target price on shares of Bilibili in a research note on Thursday, August 21st. Bank of America raised their target price on shares of Bilibili from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Wall Street Zen raised shares of Bilibili from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Finally, Sanford C. Bernstein started coverage on shares of Bilibili in a report on Tuesday, July 8th. They issued an “outperform” rating and a $28.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and an average target price of $26.95.

Bilibili Stock Up 2.4%

NASDAQ:BILI opened at $27.24 on Tuesday. Bilibili Inc. Sponsored ADR has a twelve month low of $14.47 and a twelve month high of $30.92. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 389.14 and a beta of 0.93. The stock has a fifty day simple moving average of $25.22 and a 200-day simple moving average of $21.53. 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 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.