Hsbc Holdings PLC Increases Stock Holdings in Bilibili Inc. Sponsored ADR $BILI

Hsbc Holdings PLC boosted its stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 535.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 60,229 shares of the company’s stock after purchasing an additional 50,754 shares during the quarter. Hsbc Holdings PLC’s holdings in Bilibili were worth $1,483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Compound Planning Inc. raised its position in Bilibili by 20.3% during the fourth quarter. Compound Planning Inc. now owns 9,608 shares of the company’s stock worth $236,000 after acquiring an additional 1,624 shares during the period. XTX Topco Ltd acquired a new stake in shares of Bilibili in the fourth quarter valued at about $766,000. Voloridge Investment Management LLC acquired a new stake in shares of Bilibili in the fourth quarter valued at about $954,000. Quadrature Capital Ltd increased its stake in shares of Bilibili by 6.9% during the fourth quarter. Quadrature Capital Ltd now owns 97,068 shares of the company’s stock worth $2,387,000 after purchasing an additional 6,223 shares in the last quarter. Finally, Engineers Gate Manager LP increased its stake in shares of Bilibili by 59.6% during the fourth quarter. Engineers Gate Manager LP now owns 23,266 shares of the company’s stock worth $572,000 after purchasing an additional 8,688 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Wall Street Analyst Weigh In

BILI has been the topic of a number of research reports. Citigroup raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Friday, March 27th. Wall Street Zen lowered Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Weiss Ratings lowered Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 8th. Morgan Stanley upgraded Bilibili from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $25.00 to $31.00 in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $27.00 to $35.00 in a research note on Tuesday, March 17th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.78.

Bilibili Stock Up 1.0%

Shares of NASDAQ BILI opened at $17.03 on Wednesday. Bilibili Inc. Sponsored ADR has a 12-month low of $15.79 and a 12-month high of $36.40. The stock has a market cap of $7.06 billion, a PE ratio of 37.85 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 $19.16 and a 200 day moving average of $24.55.

Bilibili (NASDAQ:BILI) last released its 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 business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Bilibili had a net margin of 4.58% and a return on equity of 10.81%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. As a group, sell-side analysts predict that Bilibili Inc. Sponsored ADR will post 0.61 EPS 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.