Bilibili Inc. (NASDAQ:BILI) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its stake in Bilibili Inc. (NASDAQ:BILI) by 46.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,809 shares of the company’s stock after selling 7,612 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Bilibili were worth $202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after buying an additional 891 shares during the last quarter. CWM LLC boosted its stake in Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after acquiring an additional 853 shares in the last quarter. Sandia Investment Management LP purchased a new position in shares of Bilibili during the first quarter worth about $112,000. Beck Bode LLC acquired a new stake in shares of Bilibili during the second quarter worth about $165,000. Finally, Signaturefd LLC lifted its holdings in shares of Bilibili by 6.5% in the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after purchasing an additional 598 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Barclays upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $14.00 to $19.00 in a research note on Friday, August 23rd. Daiwa America lowered shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Daiwa Capital Markets downgraded shares of Bilibili from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 3rd. Finally, Sanford C. Bernstein boosted their price target on Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.15.

Bilibili Price Performance

Bilibili stock opened at $21.90 on Monday. Bilibili Inc. has a 1-year low of $8.80 and a 1-year high of $31.77. The stock’s 50 day moving average price is $19.22 and its 200 day moving average price is $16.39. The company has a market cap of $9.08 billion, a PE ratio of -16.34 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The company had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.43) EPS. On average, equities research analysts anticipate that Bilibili Inc. will post -0.32 EPS for the current fiscal year.

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.