Public Employees Retirement System of Ohio Lowers Stock Position in Bilibili Inc. Sponsored ADR $BILI

Key Points

• The Public Employees Retirement System of Ohio reduced its holdings in Bilibili Inc. by 24.5%, selling 36,486 shares, which decreased their total ownership to 112,400 shares valued at approximately $2.41 million.
• Multiple analysts have reaffirmed a positive outlook for Bilibili, with a consensus rating of "Buy" and an average target price of $25.81, as various firms have adjusted their price objectives upwards.
• Bilibili's stock has demonstrated significant volatility, with a one-year low of $14.47 and a high of $29.60, opening at $28.89 recently, reflecting a market capitalization of $12.08 billion.

Public Employees Retirement System of Ohio cut its position in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 24.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,400 shares of the company's stock after selling 36,486 shares during the period. Public Employees Retirement System of Ohio's holdings in Bilibili were worth $2,411,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Bilibili by 2.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,547,057 shares of the company's stock worth $29,564,000 after buying an additional 42,914 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Bilibili during the first quarter worth $26,725,000. Federated Hermes Inc. boosted its holdings in Bilibili by 44,249.8% during the first 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 in the last quarter. XY Capital Ltd acquired a new stake in Bilibili in the first quarter valued at approximately $11,409,000. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in Bilibili by 3.7% in the first 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 period. 16.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the company. HSBC reissued a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. Sanford C. Bernstein assumed coverage on Bilibili in a report on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 price objective on the stock. Bank of America raised their price objective on Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Benchmark dropped their price objective on Bilibili from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Finally, Wall Street Zen raised Bilibili from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Bilibili has a consensus rating of "Buy" and an average target price of $25.81.

Bilibili Stock Performance

Shares of Bilibili stock opened at $28.89 on Friday. Bilibili Inc. Sponsored ADR has a one year low of $14.47 and a one year high of $29.60. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 412.71 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 1.60. The business's 50 day moving average price is $24.45 and its 200 day moving average price is $21.12.

Bilibili Company 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.

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