Mirae Asset Global Investments Co. Ltd. Sells 116,477 Shares of Bilibili Inc. (NASDAQ:BILI)

Posted by on Aug 6th, 2023

Mirae Asset Global Investments Co. Ltd. trimmed its position in Bilibili Inc. (NASDAQ:BILI – Free Report) by 17.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 545,837 shares of the company’s stock after selling 116,477 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.14% of Bilibili worth $12,827,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in Bilibili by 382.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock worth $27,000 after purchasing an additional 814 shares in the last quarter. HBK Sorce Advisory LLC grew its position in Bilibili by 100.0% in the 4th quarter. HBK Sorce Advisory LLC now owns 50,000 shares of the company’s stock worth $58,000 after purchasing an additional 25,000 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in Bilibili in the 4th quarter worth about $62,000. Daiwa Securities Group Inc. bought a new stake in Bilibili in the 4th quarter worth about $63,000. Finally, Newbridge Financial Services Group Inc. grew its position in shares of Bilibili by 1,026.0% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 2,815 shares of the company’s stock valued at $66,000 after acquiring an additional 2,565 shares during the period. 18.99% of the stock is owned by institutional investors.

Bilibili Stock Performance

Shares of BILI stock opened at $18.16 on Friday. The stock has a market capitalization of $7.17 billion, a P/E ratio of -8.45 and a beta of 1.09. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $16.27 and its 200 day moving average is $19.78. Bilibili Inc. has a 12 month low of $8.23 and a 12 month high of $29.46.

Bilibili (NASDAQ:BILI – Get Free Report) last posted its earnings results on Thursday, June 1st. The company reported ($2.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.82) by $0.31. Bilibili had a negative net margin of 26.75% and a negative return on equity of 42.16%. The business had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same period in the prior year, the company posted ($0.77) EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. On average, sell-side analysts anticipate that Bilibili Inc. will post -1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

BILI has been the subject of a number of research reports. HSBC reduced their target price on shares of Bilibili from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Tuesday, July 25th. Bank of America reduced their target price on shares of Bilibili from $28.00 to $25.00 in a research report on Friday, June 2nd. JPMorgan Chase & Co. downgraded shares of Bilibili from an “overweight” rating to an “underweight” rating and set a $13.00 target price for the company. in a research report on Wednesday, July 26th. Citigroup reduced their target price on shares of Bilibili from $28.00 to $24.00 in a research report on Friday, June 2nd. Finally, UBS Group reduced their target price on shares of Bilibili from $35.00 to $23.00 in a research report on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.33.

Bilibili Profile

(Free Report)

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, live broadcasting, and story mode.

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Institutional Ownership by Quarter for Bilibili (NASDAQ:BILI)

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