Hsbc Holdings PLC Purchases 138,810 Shares of Bilibili Inc. Sponsored ADR $BILI

Hsbc Holdings PLC raised its position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 230.5% in the first quarter, HoldingsChannel.com reports. The fund owned 199,039 shares of the company’s stock after purchasing an additional 138,810 shares during the quarter. Hsbc Holdings PLC’s holdings in Bilibili were worth $4,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of BILI. Kestra Advisory Services LLC acquired a new position in Bilibili during the fourth quarter worth approximately $43,000. JPMorgan Chase & Co. boosted its stake in shares of Bilibili by 25.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after acquiring an additional 1,081 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Bilibili by 61.7% during the 4th quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock worth $145,000 after acquiring an additional 2,247 shares during the period. Bridgewater Advisors Inc. acquired a new position in shares of Bilibili during the 4th quarter worth approximately $175,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Bilibili by 26.1% during the 4th quarter. Advisors Asset Management Inc. now owns 8,092 shares of the company’s stock worth $199,000 after acquiring an additional 1,677 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Macquarie Infrastructure reiterated an “outperform” rating and issued a $30.00 price objective on shares of Bilibili in a report on Tuesday, May 19th. Weiss Ratings downgraded shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Citigroup upgraded shares of 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. Morgan Stanley raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $25.00 to $31.00 in a report on Monday, April 13th. Finally, Wall Street Zen downgraded shares of Bilibili from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.78.

Bilibili Trading Down 1.9%

Shares of BILI stock opened at $17.16 on Friday. The stock’s fifty day moving average price is $17.65 and its two-hundred day moving average price is $23.67. The company has a market cap of $7.12 billion, a PE ratio of 38.13 and a beta of 0.70. Bilibili Inc. Sponsored ADR has a fifty-two week low of $15.79 and a fifty-two week high of $36.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 1.35.

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.