Bilibili Inc. Sponsored ADR $BILI is Mizuho Securities Co. Ltd.’s 2nd Largest Position

Mizuho Securities Co. Ltd. boosted its position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 513.3% during the third quarter, HoldingsChannel reports. The fund owned 74,206 shares of the company’s stock after buying an additional 62,106 shares during the quarter. Bilibili comprises 14.3% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 2nd biggest position. Mizuho Securities Co. Ltd.’s holdings in Bilibili were worth $2,084,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BILI. Sequoia Financial Advisors LLC bought a new stake in shares of Bilibili in the third quarter valued at approximately $353,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Bilibili during the third quarter worth $333,000. SG Americas Securities LLC boosted its holdings in shares of Bilibili by 181.8% in the third quarter. SG Americas Securities LLC now owns 27,412 shares of the company’s stock worth $770,000 after acquiring an additional 17,685 shares during the period. Signaturefd LLC grew its position in shares of Bilibili by 5.6% in the third quarter. Signaturefd LLC now owns 9,538 shares of the company’s stock valued at $268,000 after purchasing an additional 503 shares in the last quarter. Finally, Ethic Inc. raised its stake in shares of Bilibili by 56.8% during the 3rd quarter. Ethic Inc. now owns 43,690 shares of the company’s stock valued at $1,227,000 after purchasing an additional 15,833 shares during the period. Institutional investors own 16.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BILI shares. Bank of America reduced their target price on Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 28th. Macquarie started coverage on shares of Bilibili in a report on Tuesday, October 14th. They set an “outperform” rating and a $36.03 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Citigroup increased their price objective on Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Finally, Sanford C. Bernstein boosted their target price on Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Bilibili has an average rating of “Moderate Buy” and a consensus price target of $29.61.

Bilibili Stock Performance

NASDAQ BILI opened at $30.27 on Wednesday. The company has a market capitalization of $12.65 billion, a P/E ratio of 121.08 and a beta of 0.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 1.64. Bilibili Inc. Sponsored ADR has a 52-week low of $14.47 and a 52-week high of $33.74. The company has a fifty day moving average of $26.61 and a 200-day moving average of $25.94.

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.