MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Stock Position in Bilibili Inc. (NASDAQ:BILI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its position in Bilibili Inc. (NASDAQ:BILI - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 428,744 shares of the company's stock after selling 32,027 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.10% of Bilibili worth $7,765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jennison Associates LLC increased its position in Bilibili by 26.4% during the fourth quarter. Jennison Associates LLC now owns 2,285,264 shares of the company's stock worth $41,386,000 after purchasing an additional 477,740 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Bilibili by 16.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company's stock worth $27,240,000 after purchasing an additional 209,963 shares during the last quarter. Trexquant Investment LP increased its position in Bilibili by 9.3% during the fourth quarter. Trexquant Investment LP now owns 754,875 shares of the company's stock worth $13,671,000 after purchasing an additional 63,960 shares during the last quarter. Jump Financial LLC acquired a new position in Bilibili during the fourth quarter worth approximately $11,584,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Bilibili by 3,328.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company's stock worth $11,020,000 after purchasing an additional 590,763 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on BILI shares. Benchmark upped their price target on shares of Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Barclays upped their price target on shares of Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. HSBC upgraded shares of Bilibili from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $21.50 to $22.50 in a research note on Wednesday. Nomura Securities downgraded shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Hsbc Global Res upgraded shares of Bilibili to a "strong-buy" rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $21.24.

Bilibili Stock Up 3.2%

Shares of BILI stock traded up $0.58 on Friday, hitting $18.93. The stock had a trading volume of 5,177,248 shares, compared to its average volume of 6,384,841. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of -42.07 and a beta of 0.93. The stock's 50 day moving average is $17.82 and its 200-day moving average is $18.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34. Bilibili Inc. has a 52-week low of $12.72 and a 52-week high of $31.77.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. As a group, research analysts expect that Bilibili Inc. will post 0.16 earnings per share for the current year.

Bilibili Profile

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.