MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 31,131 Shares of Bilibili Inc. Sponsored ADR $BILI

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its stake in Bilibili Inc. by 7.3%, now owning 397,613 shares valued at approximately $7.6 million.
• Institutional investors and hedge funds collectively hold 16.08% of Bilibili's stock, with significant stake changes from firms like Federated Hermes Inc. which increased its stake by 44,249.8%.
• Analysts have set a consensus rating of "Moderate Buy" for Bilibili, with an average price target of $24.91, while two analysts rated it as a Strong Buy.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,613 shares of the company's stock after selling 31,131 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.10% of Bilibili worth $7,598,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. boosted its stake in Bilibili by 3.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 202,464 shares of the company's stock valued at $3,869,000 after purchasing an additional 7,300 shares during the last quarter. Banque Transatlantique SA acquired a new position in Bilibili during the 1st quarter valued at about $80,000. Advisors Asset Management Inc. boosted its stake in Bilibili by 16.6% during the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company's stock valued at $101,000 after purchasing an additional 751 shares during the last quarter. Royal Bank of Canada boosted its stake in Bilibili by 1.2% during the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company's stock valued at $1,672,000 after purchasing an additional 1,014 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Bilibili during the 1st quarter valued at about $31,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Stock Performance

Shares of NASDAQ:BILI traded up $0.31 during mid-day trading on Tuesday, reaching $27.39. The company had a trading volume of 3,409,198 shares, compared to its average volume of 3,830,821. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 391.29 and a beta of 0.94. The company's 50-day moving average price is $23.59 and its 200-day moving average price is $20.66. Bilibili Inc. Sponsored ADR has a one year low of $14.47 and a one year high of $31.77.

Analyst Upgrades and Downgrades

BILI has been the subject of a number of analyst reports. Sanford C. Bernstein initiated coverage on Bilibili in a research note on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price target for the company. Bank of America lifted their price target on Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. downgraded Bilibili from an "overweight" rating to a "neutral" rating and lifted their price target for the company from $21.00 to $24.00 in a research note on Monday, July 28th. Wall Street Zen upgraded Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Finally, Barclays boosted their target price on Bilibili from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.91.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.