Rovida Advisors Inc. Takes Position in Bilibili Inc. Sponsored ADR $BILI

Rovida Advisors Inc. acquired a new stake in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 100,000 shares of the company’s stock, valued at approximately $2,145,000. Bilibili comprises 0.4% of Rovida Advisors Inc.’s investment portfolio, making the stock its 17th biggest holding.

A number of other large investors have also recently made changes to their positions in BILI. Y Intercept Hong Kong Ltd bought a new stake in shares of Bilibili in the 2nd quarter valued at approximately $4,111,000. Ballentine Partners LLC purchased a new position in Bilibili during the second quarter worth $214,000. Hsbc Holdings PLC increased its position in Bilibili by 48.8% during the first quarter. Hsbc Holdings PLC now owns 27,855 shares of the company’s stock valued at $531,000 after acquiring an additional 9,134 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Bilibili by 7.7% during the 2nd 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 during the last quarter. Finally, Acadian Asset Management LLC raised its position in Bilibili by 43.6% in the 1st quarter. Acadian Asset Management LLC now owns 60,525 shares of the company’s stock worth $1,156,000 after purchasing an additional 18,368 shares during the period. 16.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. HSBC restated a “buy” rating on shares of Bilibili in a report on Tuesday, July 15th. Macquarie assumed coverage on shares of Bilibili in a report on Tuesday, October 14th. They set an “outperform” rating and a $36.03 target price on the stock. JPMorgan Chase & Co. lowered shares of Bilibili from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $21.00 to $24.00 in a report on Monday, July 28th. Benchmark cut their price objective on shares of Bilibili from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. Finally, Bank of America upped their price objective on Bilibili from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.19.

Bilibili Stock Performance

Shares of BILI opened at $27.14 on Wednesday. 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 stock has a 50-day moving average of $27.42 and a two-hundred day moving average of $23.32. The stock has a market cap of $11.34 billion, a P/E ratio of 387.71 and a beta of 0.97. Bilibili Inc. Sponsored ADR has a one year low of $14.47 and a one year high of $32.50.

About Bilibili

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.