Panagora Asset Management Inc. Acquires 504,070 Shares of Bilibili Inc. Sponsored ADR $BILI

Panagora Asset Management Inc. lifted its holdings in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 138.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 869,388 shares of the company’s stock after acquiring an additional 504,070 shares during the quarter. Panagora Asset Management Inc.’s holdings in Bilibili were worth $21,378,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BILI. Morgan Stanley raised 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 valued at $94,594,000 after acquiring an additional 2,507,321 shares in the last quarter. Step Capital Management Pte. Ltd. purchased a new stake in Bilibili in the fourth quarter worth $24,590,000. Arrowstreet Capital Limited Partnership grew its stake in Bilibili by 16.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock worth $54,211,000 after purchasing an additional 278,760 shares during the period. Man Group plc grew its stake in Bilibili by 21.9% in the second quarter. Man Group plc now owns 1,460,147 shares of the company’s stock worth $31,320,000 after purchasing an additional 262,554 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Bilibili in the fourth quarter worth $5,642,000. Institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of NASDAQ:BILI opened at $17.85 on Tuesday. Bilibili Inc. Sponsored ADR has a 1-year low of $16.92 and a 1-year high of $36.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.35 and a quick ratio of 1.35. The business has a fifty day moving average price of $20.78 and a 200-day moving average price of $25.26. The company has a market capitalization of $7.40 billion, a PE ratio of 39.67 and a beta of 0.71.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Saturday, May 16th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. Bilibili had a return on equity of 10.81% and a net margin of 4.58%.The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm posted $0.85 earnings per share. Bilibili’s revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts expect that Bilibili Inc. Sponsored ADR will post 0.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup raised Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Friday, March 27th. JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $27.00 to $35.00 in a research note on Tuesday, March 17th. Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Bilibili in a research note on Tuesday, May 19th. Wall Street Zen cut Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Weiss Ratings cut Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 8th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.78.

About Bilibili

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.