Bilibili Inc. Sponsored ADR $BILI Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 121.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 507,335 shares of the company’s stock after buying an additional 277,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Bilibili were worth $11,445,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Morgan Stanley increased its position 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. Arrowstreet Capital Limited Partnership raised its stake in Bilibili by 16.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock valued at $54,211,000 after purchasing an additional 278,760 shares during the last quarter. Man Group plc lifted its holdings in Bilibili by 21.9% in the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company’s stock valued at $31,320,000 after purchasing an additional 262,554 shares in the last quarter. SIH Partners LLLP lifted its holdings 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 purchasing an additional 782,540 shares in the last quarter. Finally, Step Capital Management Pte. Ltd. acquired a new stake in Bilibili during the 4th quarter worth $24,590,000. 16.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Bilibili Stock Up 2.1%

Shares of BILI opened at $19.10 on Friday. Bilibili Inc. Sponsored ADR has a 52-week low of $15.79 and a 52-week high of $36.40. 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 stock has a fifty day simple moving average of $17.64 and a two-hundred day simple moving average of $23.34. The company has a market capitalization of $7.92 billion, a PE ratio of 42.45 and a beta of 0.70.

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.