AdvisorShares Investments LLC Makes New $339,000 Investment in Bilibili Inc. Sponsored ADR $BILI

AdvisorShares Investments LLC bought a new position in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,800 shares of the company’s stock, valued at approximately $339,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Bilibili by 7.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock worth $214,000 after buying an additional 709 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Bilibili by 16.6% in the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock worth $101,000 after buying an additional 751 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Bilibili by 1.2% in the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock worth $1,672,000 after buying an additional 1,014 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Bilibili in the 1st quarter worth about $31,000. Finally, Ethic Inc. raised its position in shares of Bilibili by 8.6% in the 2nd quarter. Ethic Inc. now owns 27,857 shares of the company’s stock worth $597,000 after purchasing an additional 2,206 shares during the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BILI shares. HSBC reaffirmed a “buy” rating on shares of Bilibili in a research report on Tuesday, July 15th. Wall Street Zen raised Bilibili from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Sanford C. Bernstein lifted their price target on Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Benchmark cut their target price on Bilibili from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. downgraded Bilibili from an “overweight” rating to a “neutral” rating and increased their target price for the company from $21.00 to $24.00 in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.39.

Bilibili Stock Performance

BILI stock opened at $30.39 on Friday. The company has a market cap of $12.70 billion, a P/E ratio of 434.14 and a beta of 0.93. Bilibili Inc. Sponsored ADR has a 1 year low of $14.47 and a 1 year high of $32.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60. The stock’s fifty day moving average price is $26.52 and its 200-day moving average price is $22.58.

Bilibili 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.