MY.Alpha Management HK Advisors Ltd Buys Shares of 675,896 Bilibili Inc. Sponsored ADR $BILI

MY.Alpha Management HK Advisors Ltd purchased a new stake in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 675,896 shares of the company’s stock, valued at approximately $16,620,000. Bilibili accounts for 8.9% of MY.Alpha Management HK Advisors Ltd’s holdings, making the stock its 5th largest position.

Other large investors also recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in Bilibili during the fourth quarter valued at approximately $43,000. JPMorgan Chase & Co. lifted its stake in Bilibili by 25.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after purchasing an additional 1,081 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Bilibili by 61.7% in the 4th quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock valued at $145,000 after purchasing an additional 2,247 shares during the period. Bridgewater Advisors Inc. bought a new position in Bilibili in the 4th quarter valued at $175,000. Finally, Advisors Asset Management Inc. boosted its holdings in Bilibili by 26.1% in the 4th 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. 16.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BILI shares. Weiss Ratings cut shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Morgan Stanley raised Bilibili from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $25.00 to $31.00 in a research note on Monday, April 13th. Citigroup upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Friday, March 27th. Macquarie Infrastructure restated an “outperform” rating and issued a $30.00 target price on shares of Bilibili in a research note on Tuesday, May 19th. Finally, Benchmark restated a “buy” rating on shares of Bilibili in a research note on Wednesday, May 20th. Nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.78.

Bilibili Stock Performance

Shares of Bilibili stock opened at $17.20 on Friday. Bilibili Inc. Sponsored ADR has a 1 year low of $16.92 and a 1 year high of $36.40. The firm has a market cap of $7.13 billion, a PE ratio of 38.22 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.35 and a quick ratio of 1.35. The company has a 50 day simple moving average of $20.29 and a two-hundred day simple moving average of $25.01.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Saturday, May 16th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $1.08 billion during 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 quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. Analysts expect that Bilibili Inc. Sponsored ADR will post 0.61 earnings per share for the current fiscal year.

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.