Vise Technologies Inc. Acquires Shares of 38,126 Bilibili Inc. Sponsored ADR $BILI

Vise Technologies Inc. purchased a new stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,126 shares of the company’s stock, valued at approximately $818,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ballentine Partners LLC purchased a new position in Bilibili in the 2nd quarter valued at approximately $214,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Bilibili during the 2nd quarter worth approximately $4,111,000. Hsbc Holdings PLC lifted its stake in Bilibili by 48.8% in the 1st quarter. Hsbc Holdings PLC now owns 27,855 shares of the company’s stock valued at $531,000 after buying an additional 9,134 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Bilibili by 7.7% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock worth $214,000 after buying an additional 709 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Bilibili by 43.6% in the first quarter. Acadian Asset Management LLC now owns 60,525 shares of the company’s stock worth $1,156,000 after acquiring an additional 18,368 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Trading Down 4.8%

BILI opened at $25.89 on Friday. The firm’s 50 day moving average is $27.59 and its 200-day moving average is $23.37. Bilibili Inc. Sponsored ADR has a 52-week low of $14.47 and a 52-week high of $32.50. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $10.82 billion, a P/E ratio of 369.86 and a beta of 0.97.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Sanford C. Bernstein lifted their price objective on Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Wall Street Zen lowered shares of Bilibili from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Macquarie began coverage on Bilibili in a research report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price objective for the company. Citigroup restated a “neutral” rating on shares of Bilibili in a report on Friday. Finally, Bank of America increased their price target on shares of Bilibili from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Bilibili has an average rating of “Moderate Buy” and an average target price of $28.94.

About Bilibili

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.