MY.Alpha Management HK Advisors Ltd Purchases New Stake in Bilibili Inc. Sponsored ADR $BILI

MY.Alpha Management HK Advisors Ltd acquired a new position in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 675,896 shares of the company’s stock, valued at approximately $16,620,000. Bilibili comprises approximately 8.9% of MY.Alpha Management HK Advisors Ltd’s holdings, making the stock its 5th largest holding. MY.Alpha Management HK Advisors Ltd owned about 0.16% of Bilibili as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BILI. Royal Bank of Canada grew its position in shares of Bilibili by 1.2% during the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock valued at $1,672,000 after acquiring an additional 1,014 shares during the period. Geode Capital Management LLC raised its holdings in shares of Bilibili by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 103,666 shares of the company’s stock worth $2,224,000 after purchasing an additional 713 shares during the period. Cetera Investment Advisers purchased a new position in Bilibili in the second quarter valued at approximately $398,000. JPMorgan Chase & Co. lifted its stake in Bilibili by 25.7% in the second 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 last quarter. Finally, Norges Bank bought a new position in Bilibili during the second quarter valued at $244,000. Institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

BILI opened at $17.20 on Friday. Bilibili Inc. Sponsored ADR has a 12 month low of $16.92 and a 12 month high of $36.40. The company has a market cap of $7.13 billion, a PE ratio of 38.22 and a beta of 0.71. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $20.29 and a 200 day moving average of $25.01.

Bilibili (NASDAQ:BILI) last issued its earnings results on Saturday, May 16th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Bilibili had a net margin of 4.58% and a return on equity of 10.81%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. On average, sell-side analysts expect that Bilibili Inc. Sponsored ADR will post 0.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BILI shares. Benchmark reissued a “buy” rating on shares of Bilibili in a research report on Wednesday, May 20th. JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and upped their price target for the company from $27.00 to $35.00 in a research report on Tuesday, March 17th. Citigroup upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Friday, March 27th. Weiss Ratings lowered Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Finally, Wall Street Zen cut Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Bilibili has an average 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.