Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives Average Rating of “Moderate Buy” from Analysts

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $21.62.

Several brokerages recently weighed in on BILI. Wall Street Zen raised shares of Bilibili from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Benchmark upped their price objective on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. HSBC upgraded Bilibili from a “hold” rating to a “buy” rating and lifted their target price for the company from $21.50 to $22.50 in a report on Wednesday, May 21st. Barclays upped their price target on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Nomura Securities lowered Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Bilibili Price Performance

BILI stock opened at $19.74 on Friday. The business’s fifty day moving average price is $18.37 and its 200 day moving average price is $18.76. Bilibili has a 12-month low of $12.72 and a 12-month high of $31.77. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $8.25 billion, a PE ratio of -98.70 and a beta of 0.89.

Institutional Trading of Bilibili

Several institutional investors and hedge funds have recently made changes to their positions in BILI. Mirae Asset Global Investments Co. Ltd. grew its stake in Bilibili by 8.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company’s stock worth $178,000 after buying an additional 722 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its position in shares of Bilibili by 3.3% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company’s stock worth $419,000 after acquiring an additional 749 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Bilibili by 16.6% during the first quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock worth $101,000 after acquiring an additional 751 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Bilibili by 1.2% in the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock valued at $1,672,000 after acquiring an additional 1,014 shares during the period. Finally, Geode Capital Management LLC raised its position in Bilibili by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 110,560 shares of the company’s stock valued at $2,002,000 after purchasing an additional 1,140 shares during the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Company Profile

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.