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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has received an average recommendation of “Buy” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $23.29.

BILI has been the subject of a number of recent research reports. Hsbc Global Res upgraded Bilibili to a “strong-buy” rating in a research note on Wednesday, May 21st. HSBC restated a “buy” rating on shares of Bilibili in a research note on Tuesday. Wall Street Zen upgraded Bilibili from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Finally, Sanford C. Bernstein began coverage on Bilibili in a research note on Tuesday, July 8th. They issued an “outperform” rating and a $28.00 price target for the company.

Bilibili Price Performance

NASDAQ BILI opened at $23.96 on Wednesday. The company has a 50-day moving average price of $19.83 and a 200-day moving average price of $18.96. The firm has a market capitalization of $10.02 billion, a P/E ratio of -119.79 and a beta of 0.91. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.23. Bilibili has a 52 week low of $12.72 and a 52 week high of $31.77.

Hedge Funds Weigh In On Bilibili

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in Bilibili in the 1st quarter worth approximately $31,000. Federated Hermes Inc. bought a new position in Bilibili in the 4th quarter worth approximately $55,000. FNY Investment Advisers LLC bought a new position in Bilibili in the 1st quarter worth approximately $57,000. Brooklyn Investment Group increased its position in Bilibili by 10,989.7% in the 1st quarter. Brooklyn Investment Group now owns 3,216 shares of the company’s stock worth $61,000 after buying an additional 3,187 shares during the period. Finally, Banque Transatlantique SA bought a new position in Bilibili in the 1st quarter worth approximately $80,000. 16.08% of the stock is owned by 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.