Y Intercept Hong Kong Ltd Acquires New Holdings in Bilibili Inc. Sponsored ADR $BILI

Y Intercept Hong Kong Ltd bought a new stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 191,652 shares of the company’s stock, valued at approximately $4,111,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ethic Inc. grew its holdings in Bilibili by 8.6% in the 2nd quarter. Ethic Inc. now owns 27,857 shares of the company’s stock valued at $597,000 after buying an additional 2,206 shares during the last quarter. Arista Wealth Management LLC acquired a new stake in Bilibili in the 2nd quarter valued at approximately $236,000. Bayforest Capital Ltd grew its holdings in Bilibili by 7.6% in the 2nd quarter. Bayforest Capital Ltd now owns 54,446 shares of the company’s stock valued at $1,168,000 after buying an additional 3,836 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Bilibili by 50.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,195 shares of the company’s stock valued at $648,000 after buying an additional 10,126 shares during the last quarter. Finally, LGT Fund Management Co Ltd. grew its holdings in Bilibili by 10.4% in the 2nd quarter. LGT Fund Management Co Ltd. now owns 185,700 shares of the company’s stock valued at $3,983,000 after buying an additional 17,550 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Up 5.4%

Shares of NASDAQ:BILI opened at $31.59 on Wednesday. Bilibili Inc. Sponsored ADR has a 52 week low of $14.47 and a 52 week high of $31.71. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 1.60. The company’s fifty day moving average is $26.25 and its 200-day moving average is $22.41. The company has a market capitalization of $13.20 billion, a PE ratio of 451.29 and a beta of 0.93.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group set a $28.00 target price on Bilibili in a report on Thursday, August 21st. HSBC reaffirmed a “buy” rating on shares of Bilibili in a report on Tuesday, July 15th. Sanford C. Bernstein boosted their price objective on Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Barclays boosted their price objective on Bilibili from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Finally, Bank of America boosted their price objective on Bilibili from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.39.

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.