XY Capital Ltd Buys 151,563 Shares of Bilibili Inc. Sponsored ADR $BILI

XY Capital Ltd boosted its holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 148.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 253,880 shares of the company’s stock after buying an additional 151,563 shares during the period. Bilibili accounts for approximately 4.2% of XY Capital Ltd’s holdings, making the stock its 6th largest holding. XY Capital Ltd’s holdings in Bilibili were worth $4,324,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BILI. EverSource Wealth Advisors LLC grew its holdings in Bilibili by 76.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock valued at $37,000 after purchasing an additional 706 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Bilibili in the fourth quarter worth $43,000. Nykredit A S acquired a new position in shares of Bilibili during the second quarter valued at approximately $110,000. JPMorgan Chase & Co. lifted its holdings in Bilibili by 25.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after acquiring an additional 1,081 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Bilibili by 24.0% during the 1st quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock worth $141,000 after acquiring an additional 1,211 shares in the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BILI shares. Benchmark reiterated a “buy” rating on shares of Bilibili in a report on Friday, August 28th. Piper Sandler set a $29.00 price objective on Bilibili in a report on Friday, August 28th. Weiss Ratings upgraded Bilibili from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 31st. Macquarie Infrastructure reiterated an “outperform” rating and issued a $30.00 target price on shares of Bilibili in a research note on Tuesday, May 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $27.00 target price on shares of Bilibili in a research note on Thursday, August 27th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.44.

Bilibili Stock Performance

NASDAQ BILI opened at $15.23 on Friday. Bilibili Inc. Sponsored ADR has a 1 year low of $15.16 and a 1 year high of $36.40. The firm has a market capitalization of $6.32 billion, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 1.37 and a beta of 0.71. The firm’s fifty day moving average price is $17.51 and its two-hundred day moving average price is $20.69. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29.

Bilibili (NASDAQ:BILI) last announced its earnings results on Saturday, August 15th. The company reported $0.23 EPS for the quarter. The business had revenue of $1.17 billion during the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. As a group, research analysts anticipate that Bilibili Inc. Sponsored ADR will post 0.6 EPS for the current year.

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.