Bilibili Inc. Sponsored ADR $BILI Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

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

Several other hedge funds have also added to or reduced their stakes in BILI. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Bilibili by 8.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock valued at $178,000 after acquiring an additional 722 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its holdings in Bilibili by 3.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company's stock worth $419,000 after purchasing an additional 749 shares during the period. Advisors Asset Management Inc. grew its holdings in Bilibili by 16.6% in the first quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company's stock worth $101,000 after purchasing an additional 751 shares during the period. Royal Bank of Canada grew its holdings in Bilibili by 1.2% in the first quarter. Royal Bank of Canada now owns 87,505 shares of the company's stock worth $1,672,000 after purchasing an additional 1,014 shares during the period. Finally, SVB Wealth LLC purchased a new stake in shares of Bilibili during the first quarter valued at approximately $31,000. 16.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BILI has been the topic of a number of research analyst reports. Jefferies Financial Group set a $28.00 price objective on shares of Bilibili in a research report on Thursday, August 21st. Sanford C. Bernstein began coverage on shares of Bilibili in a research note on Tuesday, July 8th. They set an "outperform" rating and a $28.00 target price for the company. HSBC reaffirmed a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. Benchmark dropped their price objective on shares of Bilibili from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. cut shares of Bilibili from an "overweight" rating to a "neutral" rating and lifted their price objective for the stock from $21.00 to $24.00 in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.91.

Bilibili Stock Performance

NASDAQ:BILI traded up $1.00 during trading hours on Friday, hitting $25.45. 5,234,021 shares of the company were exchanged, compared to its average volume of 3,484,779. The company's 50 day moving average price is $23.40 and its 200-day moving average price is $20.57. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 363.57 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60. Bilibili Inc. Sponsored ADR has a 52-week low of $14.36 and a 52-week high of $31.77.

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.