Federated Hermes Inc. Reduces Stock Position in Bilibili Inc. Sponsored ADR $BILI

Federated Hermes Inc. trimmed its position in shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) by 98.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,291 shares of the company’s stock after selling 1,454,996 shares during the quarter. Federated Hermes Inc.’s holdings in Bilibili were worth $710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of BILI. Royal Bank of Canada boosted its position in Bilibili by 1.2% in the first quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock worth $1,672,000 after purchasing an additional 1,014 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Bilibili by 7.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock worth $214,000 after acquiring an additional 709 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Bilibili by 50.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,195 shares of the company’s stock valued at $648,000 after acquiring an additional 10,126 shares during the period. Bayforest Capital Ltd increased its stake in shares of Bilibili by 7.6% in the 2nd quarter. Bayforest Capital Ltd now owns 54,446 shares of the company’s stock worth $1,168,000 after purchasing an additional 3,836 shares in the last quarter. Finally, Arista Wealth Management LLC bought a new position in Bilibili in the 2nd quarter worth $236,000. Institutional investors own 16.08% of the company’s stock.

Analysts Set New Price Targets

BILI has been the subject of several recent research reports. Macquarie Infrastructure initiated coverage on Bilibili in a report on Tuesday, October 14th. They set an “outperform” rating and a $36.03 price target for the company. Citigroup lifted their target price on shares of Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, January 21st. Barclays upped their target price on shares of Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Finally, Sanford C. Bernstein increased their price objective on shares of Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Bilibili has an average rating of “Moderate Buy” and an average target price of $29.61.

Bilibili Stock Up 4.4%

Shares of NASDAQ BILI opened at $31.53 on Friday. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 126.12 and a beta of 0.73. Bilibili Inc. Sponsored ADR has a 12-month low of $14.47 and a 12-month high of $36.40. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. The firm’s 50-day moving average price is $28.41 and its 200-day moving average price is $26.78.

About Bilibili

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.