Headlands Technologies LLC Acquires New Holdings in Bilibili Inc. Sponsored ADR $BILI

Headlands Technologies LLC bought a new position in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) in the second quarter, HoldingsChannel reports. The firm bought 53,011 shares of the company’s stock, valued at approximately $903,000.

Several other hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Bilibili by 76.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock valued at $37,000 after buying an additional 706 shares during the period. Lazard Asset Management LLC increased its position in shares of Bilibili by 120.9% during the first quarter. Lazard Asset Management LLC now owns 49,758 shares of the company’s stock worth $1,123,000 after acquiring an additional 27,231 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Bilibili by 121.1% during the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock worth $11,445,000 after acquiring an additional 277,900 shares during the period. PNC Financial Services Group Inc. lifted its position in Bilibili by 20.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company’s stock valued at $272,000 after acquiring an additional 2,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Bilibili by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 170,834 shares of the company’s stock valued at $3,854,000 after acquiring an additional 11,413 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Stock Down 2.3%

NASDAQ:BILI opened at $15.79 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $17.57 and its two-hundred day moving average price is $20.94. Bilibili Inc. Sponsored ADR has a twelve month low of $15.77 and a twelve month high of $36.40. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.71.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Saturday, August 15th. The company reported $0.23 EPS for the quarter. The firm had revenue of $1.17 billion during the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. Equities research analysts expect that Bilibili Inc. Sponsored ADR will post 0.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BILI has been the subject of a number of research reports. Weiss Ratings upgraded Bilibili from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Morgan Stanley restated an “overweight” rating and issued a $27.00 price target on shares of Bilibili in a report on Thursday, August 27th. Benchmark reaffirmed a “buy” rating on shares of Bilibili in a research report on Friday. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Bilibili in a research report on Tuesday, May 19th. Finally, Piper Sandler set a $29.00 price objective on Bilibili in a report on Friday. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.44.

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.