11,000 Shares in Bilibili Inc. Sponsored ADR $BILI Purchased by Arista Wealth Management LLC

Arista Wealth Management LLC purchased a new position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,000 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors also recently bought and sold shares of BILI. Russell Investments Group Ltd. bought a new position in Bilibili in the first quarter worth about $26,725,000. Federated Hermes Inc. increased its stake in shares of Bilibili by 44,249.8% during the first quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company’s stock valued at $25,731,000 after purchasing an additional 1,343,423 shares in the last quarter. XY Capital Ltd bought a new position in shares of Bilibili during the first quarter valued at approximately $11,409,000. LGT Fund Management Co Ltd. bought a new position in shares of Bilibili during the first quarter valued at approximately $3,213,000. Finally, Rovida Investment Management Ltd bought a new position in shares of Bilibili during the first quarter valued at approximately $1,911,000. 16.08% of the stock is owned by institutional investors.

Bilibili Trading Down 0.9%

Shares of BILI stock opened at $27.05 on Friday. Bilibili Inc. Sponsored ADR has a 12-month low of $14.47 and a 12-month high of $30.92. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average is $25.53 and its 200 day moving average is $21.71. The stock has a market capitalization of $11.31 billion, a P/E ratio of 386.43 and a beta of 0.93.

Analysts Set New Price Targets

BILI has been the subject of a number of analyst reports. Jefferies Financial Group set a $28.00 target price on shares of Bilibili in a research note on Thursday, August 21st. JPMorgan Chase & Co. cut shares of Bilibili from an “overweight” rating to a “neutral” rating and increased their price target for the company from $21.00 to $24.00 in a report on Monday, July 28th. Benchmark cut their price target 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. Macquarie began coverage on shares of Bilibili in a report on Tuesday. They set an “outperform” rating and a $36.03 price target on the stock. Finally, HSBC reiterated a “buy” rating on shares of Bilibili in a report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $26.95.

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.