Bilibili (NASDAQ:BILI) Stock Price Expected to Rise, Bank of America Analyst Says

Bilibili (NASDAQ:BILI) had its price objective raised by stock analysts at Bank of America from $25.00 to $27.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target would indicate a potential upside of 7.14% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Wall Street Zen raised Bilibili from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th. Hsbc Global Res upgraded shares of Bilibili to a “strong-buy” rating in a research report on Wednesday, May 21st. HSBC reiterated a “buy” rating on shares of Bilibili in a research report on Tuesday. Finally, Sanford C. Bernstein assumed coverage on shares of Bilibili in a research report on Tuesday, July 8th. They set an “outperform” rating and a $28.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.79.

Bilibili Trading Up 2.5%

Shares of NASDAQ:BILI opened at $25.20 on Thursday. The company has a market cap of $10.53 billion, a P/E ratio of -125.99 and a beta of 0.91. The stock’s 50-day moving average is $20.25 and its 200-day moving average is $19.09. Bilibili has a 52-week low of $12.72 and a 52-week high of $31.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36.

Hedge Funds Weigh In On Bilibili

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

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.