Evergreen Quality Fund GP Ltd. Makes New Investment in Bilibili Inc. Sponsored ADR $BILI

Evergreen Quality Fund GP Ltd. purchased a new position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,000 shares of the company’s stock, valued at approximately $1,377,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in shares of Bilibili during the fourth quarter worth about $43,000. JPMorgan Chase & Co. increased its position in shares of Bilibili by 25.7% during the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after acquiring an additional 1,081 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Bilibili by 61.7% during the fourth quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock worth $145,000 after acquiring an additional 2,247 shares in the last quarter. Bridgewater Advisors Inc. bought a new stake in shares of Bilibili during the fourth quarter worth about $175,000. Finally, Advisors Asset Management Inc. increased its position in shares of Bilibili by 26.1% during the fourth quarter. Advisors Asset Management Inc. now owns 8,092 shares of the company’s stock worth $199,000 after acquiring an additional 1,677 shares in the last quarter. 16.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on BILI. Weiss Ratings downgraded shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. Citigroup raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Friday, March 27th. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Bilibili in a report on Tuesday, May 19th. Benchmark reaffirmed a “buy” rating on shares of Bilibili in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $27.00 to $35.00 in a report on Tuesday, March 17th. Nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.78.

Bilibili Price Performance

Shares of NASDAQ:BILI opened at $17.18 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $7.12 billion, a PE ratio of 38.18 and a beta of 0.71. Bilibili Inc. Sponsored ADR has a twelve month low of $16.92 and a twelve month high of $36.40. The company has a 50-day moving average price of $20.55 and a two-hundred day moving average price of $25.13.

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

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.