Panagora Asset Management Inc. Boosts Position in Bilibili Inc. Sponsored ADR $BILI

Panagora Asset Management Inc. raised its stake in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 138.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 869,388 shares of the company’s stock after buying an additional 504,070 shares during the quarter. Panagora Asset Management Inc. owned about 0.21% of Bilibili worth $21,378,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BILI. Mariner LLC grew its holdings in shares of Bilibili by 11.4% during the fourth quarter. Mariner LLC now owns 23,070 shares of the company’s stock worth $567,000 after purchasing an additional 2,369 shares in the last quarter. Barclays PLC grew its holdings in shares of Bilibili by 9.8% during the fourth quarter. Barclays PLC now owns 65,998 shares of the company’s stock worth $1,623,000 after purchasing an additional 5,917 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Bilibili during the fourth quarter worth about $43,000. Morgan Stanley grew its holdings in shares of Bilibili by 187.2% during the fourth quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock worth $94,594,000 after purchasing an additional 2,507,321 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Bilibili by 9.5% during the fourth quarter. Schroder Investment Management Group now owns 449,387 shares of the company’s stock worth $11,032,000 after purchasing an additional 39,160 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Stock Performance

Shares of BILI stock opened at $17.85 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 1.35. Bilibili Inc. Sponsored ADR has a fifty-two week low of $16.92 and a fifty-two week high of $36.40. The stock has a 50 day moving average price of $20.78 and a two-hundred day moving average price of $25.26. The company has a market capitalization of $7.40 billion, a P/E ratio of 39.67 and a beta of 0.71.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Saturday, May 16th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Bilibili had a return on equity of 10.81% and a net margin of 4.58%.The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. Analysts expect that Bilibili Inc. Sponsored ADR will post 0.61 earnings per share for the current year.

Wall Street Analyst Weigh In

BILI has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $27.00 to $35.00 in a report on Tuesday, March 17th. Morgan Stanley raised Bilibili from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $25.00 to $31.00 in a report on Monday, April 13th. Weiss Ratings lowered Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Wall Street Zen lowered Bilibili from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Benchmark restated a “buy” rating on shares of Bilibili in a research report on Wednesday, May 20th. Nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Bilibili currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.78.

Bilibili Company 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.