Barclays Increases Bilibili (NASDAQ:BILI) Price Target to $28.00

Bilibili (NASDAQ:BILI) had its target price boosted by equities research analysts at Barclays from $25.00 to $28.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 16.76% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. lowered shares of Bilibili from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $24.00 in a report on Monday, July 28th. Benchmark reduced their target price on shares of Bilibili from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday. HSBC restated a “buy” rating on shares of Bilibili in a report on Tuesday, July 15th. Wall Street Zen lowered shares of Bilibili from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Finally, Bank of America boosted their price objective on shares of Bilibili from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.57.

Bilibili Stock Performance

NASDAQ:BILI opened at $23.98 on Friday. 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 firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 342.57 and a beta of 0.94. The firm’s fifty day simple moving average is $22.65 and its 200 day simple moving average is $20.26. Bilibili has a twelve month low of $13.60 and a twelve month high of $31.77.

Institutional Investors Weigh In On Bilibili

Hedge funds and other institutional investors have recently modified their holdings of the stock. SVB Wealth LLC bought a new stake in shares of Bilibili in the 1st quarter worth about $31,000. FNY Investment Advisers LLC bought a new stake in shares of Bilibili in the 1st quarter worth about $57,000. Brooklyn Investment Group increased its position in shares of 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 purchasing an additional 3,187 shares during the last quarter. Banque Transatlantique SA bought a new stake in shares of Bilibili in the 1st quarter worth about $80,000. Finally, Advisors Asset Management Inc. increased its position in shares of Bilibili by 16.6% in the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock worth $101,000 after purchasing an additional 751 shares during the last quarter. Institutional investors own 16.08% of the company’s stock.

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.