Bilibili (NASDAQ:BILI) Sees Strong Trading Volume

Bilibili Inc. (NASDAQ:BILI – Get Rating) saw unusually-high trading volume on Friday . Approximately 7,065,229 shares were traded during trading, a decline of 12% from the previous session’s volume of 8,069,525 shares.The stock last traded at $22.99 and had previously closed at $21.57.

Analyst Upgrades and Downgrades

BILI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Bilibili from $20.00 to $30.00 in a research report on Wednesday, December 7th. UBS Group started coverage on Bilibili in a research note on Thursday, December 8th. They issued a “buy” rating on the stock. HSBC lowered their target price on Bilibili from $20.00 to $17.00 in a research note on Wednesday, November 30th. Sanford C. Bernstein raised Bilibili from an “underperform” rating to a “market perform” rating in a report on Tuesday, December 13th. Finally, Bank of America increased their target price on Bilibili from $11.50 to $13.50 in a report on Friday, November 25th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Bilibili currently has an average rating of “Moderate Buy” and an average price target of $23.28.

Bilibili Price Performance

The company has a fifty day simple moving average of $24.37 and a two-hundred day simple moving average of $19.69. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of -7.96 and a beta of 1.08.

Institutional Trading of Bilibili

A number of institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC boosted its position in Bilibili by 2.1% during the 2nd quarter. FMR LLC now owns 19,888,043 shares of the company’s stock worth $509,134,000 after purchasing an additional 405,620 shares during the period. WT Asset Management Ltd purchased a new position in Bilibili in the 2nd quarter valued at about $5,670,000. Artisan Partners Limited Partnership raised its stake in shares of Bilibili by 28.0% in the 3rd quarter. Artisan Partners Limited Partnership now owns 4,690,822 shares of the company’s stock valued at $71,863,000 after purchasing an additional 1,027,218 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Bilibili in the 4th quarter valued at about $40,273,000. Finally, First Manhattan Co. raised its stake in shares of Bilibili by 7.2% in the 4th quarter. First Manhattan Co. now owns 1,233,826 shares of the company’s stock valued at $29,229,000 after purchasing an additional 83,172 shares in the last quarter. 20.27% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Company Profile

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Bilibili, Inc is a holding company, which represents the iconic brand of online entertainment for young generations in China. It offers a wide array of content serving young generations’ diverse interests. The firm enables broad video-based content consumption scenarios centered around professional user generated videos (PUGV) supplemented with live broadcasting, occupationally generated videos, or occupationally generated videos (OGV), and more.