Natixis Advisors LLC Sells 22,229 Shares of 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 shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 62.2% during the 1st 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 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Baader Bank Aktiengesellschaft bought a new position in Bilibili during the 1st quarter worth approximately $862,000. Bayforest Capital Ltd lifted its holdings in Bilibili by 314.2% in the 1st quarter. Bayforest Capital Ltd now owns 50,610 shares of the company's stock worth $967,000 after buying an additional 38,392 shares during the period. Federated Hermes Inc. lifted its holdings in Bilibili by 44,249.8% in the 1st quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company's stock worth $25,731,000 after buying an additional 1,343,423 shares during the period. Ping Capital Management Inc. lifted its holdings in Bilibili by 14.3% in the 1st quarter. Ping Capital Management Inc. now owns 40,000 shares of the company's stock worth $764,000 after buying an additional 5,000 shares during the period. Finally, GF Fund Management CO. LTD. purchased a new stake in Bilibili in the 1st quarter worth approximately $518,000. 16.08% of the stock is currently owned by institutional investors.

Bilibili Stock Up 4.3%

Shares of Bilibili stock traded up $1.03 on Friday, reaching $24.85. The company's stock had a trading volume of 3,306,096 shares, compared to its average volume of 2,762,651. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.23. Bilibili Inc. Sponsored ADR has a 52 week low of $12.72 and a 52 week high of $31.77. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of -124.24 and a beta of 0.94. The firm's fifty day simple moving average is $22.20 and its two-hundred day simple moving average is $19.98.

Wall Street Analyst Weigh In

BILI has been the subject of several research analyst reports. JPMorgan Chase & Co. cut Bilibili from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $21.00 to $24.00 in a report on Monday, July 28th. HSBC reiterated a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Bank of America raised their target price on Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Wall Street Zen cut Bilibili from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.