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

Mirae Asset Global Investments Co. Ltd. lowered its stake in Bilibili Inc. (NASDAQ:BILIFree Report) by 21.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,622 shares of the company’s stock after selling 140,588 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.13% of Bilibili worth $5,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. XY Capital Ltd acquired a new stake in Bilibili in the 1st quarter valued at about $6,632,000. Trexquant Investment LP purchased a new position in shares of Bilibili in the 4th quarter valued at about $2,167,000. SpiderRock Advisors LLC purchased a new position in shares of Bilibili in the 1st quarter valued at about $1,421,000. Seven Grand Managers LLC purchased a new position in shares of Bilibili in the 1st quarter valued at about $1,120,000. Finally, SG Americas Securities LLC increased its holdings in shares of Bilibili by 102.0% in the 4th quarter. SG Americas Securities LLC now owns 80,257 shares of the company’s stock valued at $977,000 after acquiring an additional 40,523 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Analyst Upgrades and Downgrades

BILI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price objective on the stock in a report on Tuesday, June 18th. Benchmark increased their price objective on Bilibili from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, May 24th. UBS Group upgraded Bilibili from a “neutral” rating to a “buy” rating and raised their price target for the stock from $11.90 to $18.00 in a research note on Friday, May 31st. Mizuho raised their price target on Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Barclays upgraded Bilibili from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $10.00 to $14.00 in a research note on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Bilibili presently has an average rating of “Hold” and an average target price of $16.90.

Get Our Latest Research Report on BILI

Bilibili Trading Down 1.2 %

Shares of BILI stock opened at $16.96 on Thursday. The business’s 50 day moving average is $15.36 and its two-hundred day moving average is $12.44. Bilibili Inc. has a twelve month low of $8.80 and a twelve month high of $19.15. The company has a market capitalization of $7.00 billion, a P/E ratio of -10.16 and a beta of 0.85.

Bilibili (NASDAQ:BILIGet Free Report) last announced its earnings results on Thursday, May 23rd. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.02. Bilibili had a negative return on equity of 26.46% and a negative net margin of 21.41%. The company had revenue of $791.16 million for the quarter, compared to the consensus estimate of $775.06 million. As a group, equities analysts predict that Bilibili Inc. will post -0.46 earnings per share for the current fiscal year.

Bilibili Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Bilibili (NASDAQ:BILI)

Receive News & Ratings for Bilibili Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bilibili and related companies with MarketBeat.com's FREE daily email newsletter.