Rovida Advisors Inc. Buys Shares of 100,000 Bilibili Inc. Sponsored ADR $BILI

Rovida Advisors Inc. purchased a new position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) during the 2nd quarter, HoldingsChannel reports. The firm purchased 100,000 shares of the company’s stock, valued at approximately $2,145,000. Bilibili makes up 0.3% of Rovida Advisors Inc.’s investment portfolio, making the stock its 27th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Integrated Quantitative Investments LLC raised its position in shares of Bilibili by 50.5% during the second quarter. Integrated Quantitative Investments LLC now owns 62,287 shares of the company’s stock valued at $1,336,000 after buying an additional 20,887 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Bilibili in the 2nd quarter worth approximately $214,000. Cetera Investment Advisers acquired a new stake in shares of Bilibili during the 2nd quarter worth approximately $398,000. ABN Amro Investment Solutions bought a new stake in shares of Bilibili during the second quarter valued at approximately $1,040,000. Finally, Geode Capital Management LLC raised its stake in shares of Bilibili by 0.7% in the second quarter. Geode Capital Management LLC now owns 103,666 shares of the company’s stock valued at $2,224,000 after purchasing an additional 713 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Wall Street Analyst Weigh In

BILI has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Citigroup lifted their target price on shares of Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. Benchmark raised their price target on shares of Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Wall Street Zen raised Bilibili from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.17.

Bilibili Price Performance

Bilibili stock opened at $25.31 on Thursday. The business’s fifty day moving average is $27.79 and its two-hundred day moving average is $23.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $10.58 billion, a P/E ratio of 101.24 and a beta of 0.97. Bilibili Inc. Sponsored ADR has a 52 week low of $14.47 and a 52 week high of $32.50.

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.