Mirae Asset Global Investments Co. Ltd. Has $8.11 Million Holdings in Bilibili Inc. (NASDAQ:BILI)

Mirae Asset Global Investments Co. Ltd. lessened its position in Bilibili Inc. (NASDAQ:BILI) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 666,210 shares of the company’s stock after selling 20,859 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.16% of Bilibili worth $8,108,000 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 BILI. Point72 Middle East FZE acquired a new stake in Bilibili in the second quarter valued at approximately $25,000. PNC Financial Services Group Inc. grew its stake in Bilibili by 382.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock valued at $27,000 after acquiring an additional 814 shares during the period. Ronald Blue Trust Inc. grew its stake in Bilibili by 79.1% in the third quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock valued at $51,000 after acquiring an additional 1,478 shares during the period. 1832 Asset Management L.P. acquired a new stake in Bilibili in the fourth quarter valued at approximately $62,000. Finally, NewEdge Advisors LLC grew its stake in Bilibili by 25,800.0% in the first quarter. NewEdge Advisors LLC now owns 3,885 shares of the company’s stock valued at $91,000 after acquiring an additional 3,870 shares during the period. Institutional investors and hedge funds own 16.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BILI shares. Mizuho cut their target price on Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, January 17th. Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. Citigroup cut Bilibili from a “buy” rating to a “neutral” rating and cut their target price for the company from $18.00 to $12.50 in a research report on Monday, March 11th. Finally, JPMorgan Chase & Co. raised Bilibili from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $10.00 to $11.00 in a research report on Monday, March 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.26.

Bilibili Price Performance

Shares of BILI opened at $11.48 on Friday. The firm has a market cap of $4.73 billion, a PE ratio of -7.00 and a beta of 0.99. The stock’s fifty day moving average price is $10.83 and its two-hundred day moving average price is $11.79. Bilibili Inc. has a 1 year low of $8.80 and a 1 year high of $21.92.

Bilibili (NASDAQ:BILI) last issued its earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The firm had revenue of $881.13 million during the quarter, compared to the consensus estimate of $891.61 million. Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. Sell-side analysts anticipate that Bilibili Inc. will post -0.54 earnings per share 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.