Hsbc Holdings PLC Has $1.48 Million Position in Bilibili Inc. Sponsored ADR $BILI

Hsbc Holdings PLC boosted its holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 535.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,229 shares of the company’s stock after acquiring an additional 50,754 shares during the quarter. Hsbc Holdings PLC’s holdings in Bilibili were worth $1,483,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new position in Bilibili during the fourth quarter worth about $43,000. JPMorgan Chase & Co. grew its stake in shares of Bilibili by 25.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after purchasing an additional 1,081 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Bilibili by 61.7% in the 4th quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock valued at $145,000 after purchasing an additional 2,247 shares during the period. Bridgewater Advisors Inc. acquired a new position in shares of Bilibili in the 4th quarter worth approximately $175,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Bilibili by 26.1% in the 4th quarter. Advisors Asset Management Inc. now owns 8,092 shares of the company’s stock worth $199,000 after buying an additional 1,677 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of BILI traded down $0.14 on Friday, hitting $17.70. The company’s stock had a trading volume of 1,601,553 shares, compared to its average volume of 2,048,349. The company has a market capitalization of $7.34 billion, a PE ratio of 39.33 and a beta of 0.70. 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 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 50 day moving average price of $18.37 and a 200 day moving average price of $24.16.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BILI shares. 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. Benchmark reiterated a “buy” rating on shares of Bilibili in a research note on Wednesday, May 20th. JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $27.00 to $35.00 in a report on Tuesday, March 17th. Wall Street Zen downgraded shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Citigroup raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Friday, March 27th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Bilibili has a consensus rating of “Moderate Buy” and an average price target of $30.78.

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.