56,000 Shares in Bilibili Inc. Sponsored ADR $BILI Purchased by Evergreen Quality Fund GP Ltd.

Evergreen Quality Fund GP Ltd. acquired a new position in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,000 shares of the company’s stock, valued at approximately $1,377,000.

Other institutional investors have also recently made changes to their positions in the company. Step Capital Management Pte. Ltd. bought a new position in shares of Bilibili in the fourth quarter worth $24,590,000. FNY Investment Advisers LLC bought a new position in shares of Bilibili in the third quarter worth $1,460,000. BlueCrest Capital Management Ltd bought a new position in shares of Bilibili in the third quarter worth $2,107,000. Rovida Investment Management Ltd increased its holdings in shares of Bilibili by 50.0% in the third quarter. Rovida Investment Management Ltd now owns 150,000 shares of the company’s stock worth $4,214,000 after purchasing an additional 50,000 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of Bilibili in the third quarter worth $1,536,000. Institutional investors own 16.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BILI. Weiss Ratings cut shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Wall Street Zen cut shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Benchmark reissued a “buy” rating on shares of Bilibili in a research note on Wednesday, May 20th. Morgan Stanley raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $25.00 to $31.00 in a research note on Monday, April 13th. Finally, Citigroup raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Friday, March 27th. 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.com, Bilibili presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.78.

Bilibili Stock Performance

NASDAQ:BILI opened at $17.18 on Thursday. The business has a 50 day moving average of $20.55 and a 200 day moving average of $25.13. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 38.18 and a beta of 0.71. 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.

Bilibili (NASDAQ:BILI) last released its earnings results on Saturday, May 16th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Bilibili had a return on equity of 10.81% and a net margin of 4.58%.Bilibili’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. On average, sell-side analysts predict that Bilibili Inc. Sponsored ADR will post 0.61 earnings per share for the current fiscal year.

Bilibili 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.