Bilibili Inc. (NASDAQ:BILI) Given Average Rating of “Hold” by Brokerages

Bilibili Inc. (NASDAQ:BILIGet Free Report) has been assigned an average rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.26.

BILI has been the subject of a number of recent analyst reports. Barclays lowered shares of Bilibili from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $15.00 to $10.00 in a report on Thursday, November 30th. Nomura lowered shares of Bilibili from a “buy” rating to a “neutral” rating in a report on Wednesday, November 29th. Daiwa Capital Markets lowered shares of Bilibili from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. Mizuho cut their target price on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, January 17th. Finally, Benchmark cut their target price on shares of Bilibili from $35.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, November 30th.

Read Our Latest Stock Analysis on Bilibili

Bilibili Stock Performance

BILI stock opened at $11.03 on Thursday. The firm has a 50 day moving average price of $10.36 and a 200-day moving average price of $11.98. Bilibili has a 52-week low of $8.80 and a 52-week high of $25.56. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of -6.73 and a beta of 0.98.

Institutional Trading of Bilibili

Several hedge funds have recently bought and sold shares of BILI. Point72 Middle East FZE purchased a new stake in shares of Bilibili during the 2nd quarter valued at about $25,000. PNC Financial Services Group Inc. raised its position in shares of Bilibili by 382.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock valued at $27,000 after buying an additional 814 shares in the last quarter. Ronald Blue Trust Inc. raised its position in shares of Bilibili by 79.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock valued at $51,000 after buying an additional 1,478 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Bilibili during the 4th quarter valued at about $55,000. Finally, Parallel Advisors LLC raised its position in shares of Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after buying an additional 1,734 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Company Profile

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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.

Further Reading

Analyst Recommendations for Bilibili (NASDAQ:BILI)

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