Bilibili Inc. (NASDAQ:BILI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Bilibili Inc. (NASDAQ:BILI) has been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $21.24.

Several research firms have commented on BILI. Barclays increased their price target on shares of Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Wall Street Zen upgraded shares of Bilibili from a “hold” rating to a “buy” rating in a report on Saturday. Benchmark upped their price objective on shares of Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 21st. HSBC upgraded shares of Bilibili from a “hold” rating to a “buy” rating and upped their price objective for the company from $21.50 to $22.50 in a report on Wednesday, May 21st. Finally, Nomura Securities downgraded shares of Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Bilibili Stock Performance

BILI stock opened at $18.93 on Tuesday. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of -42.07 and a beta of 0.93. The firm has a 50-day simple moving average of $17.77 and a two-hundred day simple moving average of $18.73. Bilibili has a one year low of $12.72 and a one year high of $31.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34.

Institutional Trading of Bilibili

Several institutional investors and hedge funds have recently bought and sold shares of BILI. Barclays PLC increased its stake in Bilibili by 13.5% during the third quarter. Barclays PLC now owns 127,563 shares of the company’s stock worth $2,982,000 after purchasing an additional 15,136 shares during the period. Avior Wealth Management LLC raised its position in Bilibili by 1,817.7% in the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after acquiring an additional 1,436 shares in the last quarter. Blue Trust Inc. raised its position in Bilibili by 147.8% in the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock worth $58,000 after acquiring an additional 1,896 shares in the last quarter. Matthews International Capital Management LLC increased its position in shares of Bilibili by 11.3% in the fourth quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company’s stock valued at $6,364,000 after buying an additional 35,692 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Bilibili by 26.4% in the fourth quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock valued at $41,386,000 after buying an additional 477,740 shares in the last quarter. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

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.