Persistent Asset Partners Ltd Acquires New Shares in Bilibili Inc. Sponsored ADR $BILI

Persistent Asset Partners Ltd bought a new stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $738,000.

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

Bilibili Stock Down 3.1%

Shares of Bilibili stock opened at $17.30 on Wednesday. The firm has a market cap of $7.17 billion, a PE ratio of 38.45 and a beta of 0.71. The business’s 50 day simple moving average is $20.67 and its 200 day simple moving average is $25.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 1.35. Bilibili Inc. Sponsored ADR has a 52-week low of $16.92 and a 52-week high of $36.40.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $27.00 to $35.00 in a report on Tuesday, March 17th. Macquarie Infrastructure reissued an “outperform” rating and issued a $30.00 price target on shares of Bilibili in a report on Tuesday, May 19th. Citigroup upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Friday, March 27th. Benchmark reaffirmed a “buy” rating on shares of Bilibili in a research note on Wednesday, May 20th. Finally, Wall Street Zen cut Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and a consensus price target of $30.78.

Bilibili Company 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.