Marathon Trading Investment Management LLC Has $948,000 Stake in Bilibili Inc. Sponsored ADR $BILI

Marathon Trading Investment Management LLC lifted its stake in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 107.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 44,178 shares of the company’s stock after acquiring an additional 22,850 shares during the period. Marathon Trading Investment Management LLC’s holdings in Bilibili were worth $948,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Bilibili by 2.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,547,057 shares of the company’s stock valued at $29,564,000 after purchasing an additional 42,914 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Bilibili during the 1st quarter worth $26,725,000. Federated Hermes Inc. raised its holdings in Bilibili by 44,249.8% in the 1st quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company’s stock worth $25,731,000 after acquiring an additional 1,343,423 shares during the period. XY Capital Ltd acquired a new position in Bilibili during the 1st quarter worth $11,409,000. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in Bilibili by 3.7% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 202,464 shares of the company’s stock valued at $3,869,000 after acquiring an additional 7,300 shares during the period. Institutional investors own 16.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Benchmark cut their price objective on Bilibili from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Bank of America lifted their price target on Bilibili from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Sanford C. Bernstein upped their price target on Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Macquarie assumed coverage on shares of Bilibili in a research note on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price objective on the stock. Finally, JPMorgan Chase & Co. lowered shares of Bilibili from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $24.00 in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Bilibili currently has a consensus rating of “Moderate Buy” and an average target price of $27.39.

Bilibili Price Performance

Shares of NASDAQ:BILI opened at $27.83 on Friday. The firm has a market capitalization of $11.63 billion, a PE ratio of 397.57 and a beta of 0.97. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. Bilibili Inc. Sponsored ADR has a 1-year low of $14.47 and a 1-year high of $32.50. The business’s 50 day moving average is $27.24 and its 200-day moving average is $23.10.

Bilibili Company 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.