Trexquant Investment LP Lowers Holdings in Bilibili Inc. Sponsored ADR $BILI

Key Points

• Trexquant Investment LP significantly reduced its stake in Bilibili Inc. by 79.8% in the first quarter, decreasing its holdings to a value of approximately $2.91 million.
• Several institutional investors have adjusted their positions in Bilibili, with Mirae Asset Global Investments increasing its stake by 8.5%.
• Bilibili's stock currently holds a consensus rating of "Moderate Buy" with a price target of $24.91 from market analysts.

Trexquant Investment LP decreased its position in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) by 79.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,437 shares of the company's stock after selling 602,438 shares during the quarter. Trexquant Investment LP's holdings in Bilibili were worth $2,913,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. SVB Wealth LLC acquired a new position in shares of Bilibili in the 1st quarter valued at about $31,000. FNY Investment Advisers LLC acquired a new position in shares of Bilibili in the 1st quarter valued at $57,000. Brooklyn Investment Group grew its holdings in shares of Bilibili by 10,989.7% in the 1st quarter. Brooklyn Investment Group now owns 3,216 shares of the company's stock worth $61,000 after purchasing an additional 3,187 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Bilibili by 8.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock worth $178,000 after acquiring an additional 722 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Bilibili by 40.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,279 shares of the company's stock valued at $177,000 after acquiring an additional 2,676 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on BILI. Hsbc Global Res raised Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Bank of America increased their price objective on shares of Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Jefferies Financial Group set a $28.00 target price on Bilibili in a research report on Thursday, August 21st. Benchmark cut their price objective on Bilibili from $30.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Finally, Barclays increased their price objective on shares of Bilibili from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Bilibili presently has a consensus rating of "Moderate Buy" and an average target price of $24.91.

Bilibili Stock Up 0.2%

Shares of BILI traded up $0.06 on Monday, hitting $22.47. The company's stock had a trading volume of 1,137,753 shares, compared to its average volume of 4,792,554. The firm has a market capitalization of $9.39 billion, a price-to-earnings ratio of 320.64 and a beta of 0.94. Bilibili Inc. Sponsored ADR has a fifty-two week low of $14.36 and a fifty-two week high of $31.77. The firm's fifty day moving average price is $23.08 and its 200-day moving average price is $20.46. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.57.

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.