38,126 Shares in Bilibili Inc. Sponsored ADR $BILI Bought by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 38,126 shares of the company’s stock, valued at approximately $818,000.

Other hedge funds have also recently modified their holdings of the company. SVB Wealth LLC acquired a new stake in Bilibili in the 1st quarter worth about $31,000. Brooklyn Investment Group increased its position in shares of Bilibili by 10,989.7% during the first quarter. Brooklyn Investment Group now owns 3,216 shares of the company’s stock worth $61,000 after purchasing an additional 3,187 shares in the last quarter. Banque Transatlantique SA acquired a new position in Bilibili in the 1st quarter valued at $80,000. Advisors Asset Management Inc. lifted its holdings in Bilibili by 16.6% in the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock valued at $101,000 after purchasing an additional 751 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Bilibili by 40.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,279 shares of the company’s stock valued at $177,000 after acquiring an additional 2,676 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Trading Down 4.8%

NASDAQ BILI opened at $25.89 on Friday. The firm’s fifty day moving average is $27.59 and its two-hundred day moving average is $23.37. 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 firm has a market cap of $10.82 billion, a PE ratio of 369.86 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.

Analysts Set New Price Targets

A number of analysts have issued reports on BILI shares. Benchmark cut their target price on Bilibili from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Wall Street Zen lowered Bilibili from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Jefferies Financial Group set a $28.00 target price on shares of Bilibili in a research note on Thursday, August 21st. Citigroup reiterated a “neutral” rating on shares of Bilibili in a report on Friday. Finally, Sanford C. Bernstein upped their target price on shares of Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Bilibili currently has a consensus rating of “Moderate Buy” and an average target price of $28.94.

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.