Bilibili Inc. Sponsored ADR $BILI Position Trimmed by Optiver Holding B.V.

Optiver Holding B.V. decreased its holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 67.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,508 shares of the company’s stock after selling 187,612 shares during the period. Optiver Holding B.V.’s holdings in Bilibili were worth $1,963,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Morgan Stanley boosted 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 during the period. Step Capital Management Pte. Ltd. purchased a new position in Bilibili during the fourth quarter valued at approximately $24,590,000. SIH Partners LLLP increased its stake in Bilibili by 327.1% in the 4th quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock valued at $25,126,000 after buying an additional 782,540 shares during the period. MY.Alpha Management HK Advisors Ltd acquired a new position in Bilibili in the 4th quarter valued at approximately $16,620,000. Finally, Panagora Asset Management Inc. lifted its position in Bilibili by 138.0% in the 4th quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock worth $21,378,000 after buying an additional 504,070 shares in the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Stock Up 2.1%

Bilibili stock opened at $19.10 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. Bilibili Inc. Sponsored ADR has a 1-year low of $15.79 and a 1-year high of $36.40. The firm’s fifty day simple moving average is $17.64 and its 200-day simple moving average is $23.34. The company has a market capitalization of $7.92 billion, a P/E ratio of 42.45 and a beta of 0.70.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BILI shares. Weiss Ratings lowered shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 8th. Morgan Stanley raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $25.00 to $31.00 in a research note on Monday, April 13th. Benchmark reiterated a “buy” rating on shares of Bilibili in a report on Wednesday, May 20th. Wall Street Zen cut Bilibili from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Macquarie Infrastructure restated an “outperform” rating and issued a $30.00 target price on shares of Bilibili in a research note on Tuesday, May 19th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.78.

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.