Natixis Advisors LLC Has $258,000 Stock Holdings in Bilibili Inc. Sponsored ADR (NASDAQ:BILI)

Key Points

• Natixis Advisors LLC significantly reduced its stake in Bilibili Inc. by 62.2%, selling 22,229 shares during the 1st quarter, leaving the firm with 13,492 shares valued at approximately $258,000.
• Bilibili's stock is trading at $22.86, with a 1-year low of $12.72 and high of $31.77, while currently facing a 1.2% decline.
• Several analysts have modified their ratings on Bilibili, with a consensus rating of "Moderate Buy" and a target price of $23.81, reflecting a mix of downgrades and upgrades from various financial institutions.

Natixis Advisors LLC cut its position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 62.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,492 shares of the company's stock after selling 22,229 shares during the quarter. Natixis Advisors LLC's holdings in Bilibili were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in BILI. Mirae Asset Global Investments Co. Ltd. boosted its stake in Bilibili by 8.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock valued at $178,000 after buying an additional 722 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its holdings in shares of Bilibili by 3.3% during 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 last quarter. Geode Capital Management LLC raised its holdings in shares of Bilibili by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 110,560 shares of the company's stock valued at $2,002,000 after buying an additional 1,140 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Bilibili by 4.1% during the fourth quarter. Legal & General Group Plc now owns 46,629 shares of the company's stock worth $845,000 after purchasing an additional 1,839 shares in the last quarter. Finally, Mariner LLC increased its holdings in shares of Bilibili by 8.8% in the fourth quarter. Mariner LLC now owns 24,787 shares of the company's stock valued at $449,000 after purchasing an additional 1,997 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Stock Up 4.3%

NASDAQ BILI traded up $1.03 on Friday, reaching $24.85. The company had a trading volume of 3,306,096 shares, compared to its average volume of 2,762,651. The firm has a market capitalization of $10.39 billion, a price-to-earnings ratio of -124.24 and a beta of 0.94. The company's fifty day moving average is $22.20 and its 200-day moving average is $20.00. Bilibili Inc. Sponsored ADR has a 1-year low of $12.72 and a 1-year high of $31.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Bilibili from an "overweight" rating to a "neutral" rating and upped their target price for the company from $21.00 to $24.00 in a research report on Monday, July 28th. HSBC restated a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. Wall Street Zen cut shares of Bilibili from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Sanford C. Bernstein started coverage on shares of Bilibili in a report on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 target price on the stock. Finally, Bank of America lifted their price target on shares of Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.81.

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.