DV Equities LLC Takes $1.88 Million Position in Bilibili Inc. Sponsored ADR $BILI

DV Equities LLC bought a new position in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 76,504 shares of the company’s stock, valued at approximately $1,881,000.

A number of other large investors have also recently added to or reduced their stakes in BILI. Kestra Advisory Services LLC bought a new position in Bilibili during the 4th quarter worth about $43,000. Hantz Financial Services Inc. increased its holdings in Bilibili by 253.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock worth $102,000 after purchasing an additional 2,608 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 1,081 shares in the last quarter. Bridgewater Advisors Inc. acquired a new stake in Bilibili in the 4th quarter valued at approximately $175,000. Finally, Advisors Asset Management Inc. raised its position in Bilibili by 26.1% in the 4th quarter. Advisors Asset Management Inc. now owns 8,092 shares of the company’s stock valued at $199,000 after buying an additional 1,677 shares during the last quarter. Institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of NASDAQ BILI opened at $17.46 on Monday. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 38.80 and a beta of 0.71. Bilibili Inc. Sponsored ADR has a fifty-two week low of $16.92 and a fifty-two week high of $36.40. The business has a 50-day moving average of $21.33 and a 200-day moving average of $25.58. 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 posted its quarterly earnings results on Saturday, May 16th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Bilibili had a return on equity of 10.81% and a net margin of 4.58%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. As a group, sell-side analysts predict that Bilibili Inc. Sponsored ADR will post 0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BILI shares. Morgan Stanley raised Bilibili from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $31.00 in a research report on Monday, April 13th. Wall Street Zen lowered Bilibili from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $27.00 to $35.00 in a report on Tuesday, March 17th. Citigroup upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a report on Friday, March 27th. Finally, Benchmark restated a “buy” rating on shares of Bilibili in a report on Wednesday, May 20th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.