HighTower Advisors LLC Takes Position in Bilibili Inc. Sponsored ADR $BILI

HighTower Advisors LLC bought a new position in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 54,667 shares of the company’s stock, valued at approximately $1,536,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its position in Bilibili by 226.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock valued at $61,000 after buying an additional 1,518 shares during the period. Hantz Financial Services Inc. boosted its holdings in Bilibili by 253.0% in the third quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock valued at $102,000 after purchasing an additional 2,608 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 period. Advisors Asset Management Inc. grew its stake in Bilibili by 19.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock worth $135,000 after purchasing an additional 1,005 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in Bilibili during the 2nd quarter worth about $214,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BILI. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, January 21st. Citigroup lifted their price target on shares of Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Barclays boosted their price target on shares of Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Benchmark raised their price objective on shares of Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 14th. Finally, Wall Street Zen raised shares of Bilibili from a “hold” rating to a “buy” rating in a research report on Sunday. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Bilibili presently has a consensus rating of “Moderate Buy” and an average price target of $29.61.

Bilibili Stock Down 2.0%

BILI stock opened at $27.90 on Monday. The stock has a market cap of $11.66 billion, a P/E ratio of 111.60 and a beta of 0.75. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. Bilibili Inc. Sponsored ADR has a twelve month low of $14.47 and a twelve month high of $36.40. The company’s 50 day moving average is $29.93 and its two-hundred day moving average is $27.58.

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.