Bilibili Inc. Sponsored ADR $BILI Position Raised by Quadrant Capital Group LLC

Quadrant Capital Group LLC boosted its holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 222.5% in the third quarter, HoldingsChannel.com reports. The firm owned 113,456 shares of the company’s stock after buying an additional 78,276 shares during the quarter. Quadrant Capital Group LLC’s holdings in Bilibili were worth $1,700,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in Bilibili by 121.1% in the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock valued at $11,445,000 after purchasing an additional 277,900 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Bilibili by 230.5% during the first quarter. Hsbc Holdings PLC now owns 199,039 shares of the company’s stock worth $4,458,000 after purchasing an additional 138,810 shares in the last quarter. XY Capital Ltd lifted its position in shares of Bilibili by 148.1% during the 2nd quarter. XY Capital Ltd now owns 253,880 shares of the company’s stock worth $4,324,000 after buying an additional 151,563 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Bilibili by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 170,834 shares of the company’s stock worth $3,854,000 after buying an additional 11,413 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Bilibili by 187.7% during the 1st quarter. SG Americas Securities LLC now owns 51,970 shares of the company’s stock worth $1,172,000 after buying an additional 33,907 shares during the last quarter. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Bilibili Stock Down 1.0%

Shares of NASDAQ BILI opened at $13.47 on Friday. The stock has a market cap of $5.59 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 1.14 and a beta of 0.65. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.29. Bilibili Inc. Sponsored ADR has a 52-week low of $13.18 and a 52-week high of $36.40. The business has a 50-day moving average price of $15.39 and a 200 day moving average price of $17.95.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Saturday, August 15th. The company reported $0.23 EPS for the quarter. The company had revenue of $1.17 billion for the quarter. Bilibili had a return on equity of 11.42% and a net margin of 4.88%. Equities research analysts forecast that Bilibili Inc. Sponsored ADR will post 0.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BILI shares. Piper Sandler set a $29.00 target price on shares of Bilibili in a report on Friday, August 28th. BNP Paribas Exane assumed coverage on shares of Bilibili in a research note on Tuesday, September 22nd. They set an “outperform” rating and a $23.00 price target on the stock. Benchmark reiterated a “buy” rating on shares of Bilibili in a research note on Friday, August 28th. Morgan Stanley reissued an “overweight” rating and issued a $27.00 price target on shares of Bilibili in a research report on Thursday, August 27th. Finally, Citigroup decreased their price objective on shares of Bilibili from $27.00 to $26.50 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.39.

Bilibili Company Profile

Bilibili Inc is a China-based online entertainment platform focused on video content and communities built around anime, comics, games and broader youth culture. The company offers professionally produced and user-generated videos, with content spanning entertainment, lifestyle, technology, education and other interests.

Its services include video streaming, live broadcasting, mobile games and value-added services such as memberships, virtual items and other interactive features. Bilibili also generates revenue through advertising and related content and e-commerce activities.

Founded in 2009 and headquartered in Shanghai, Bilibili serves users primarily in China through its website and mobile applications.