Benchmark Lowers Bilibili (NASDAQ:BILI) Price Target to $28.00

Bilibili (NASDAQ:BILI) had its price objective dropped by investment analysts at Benchmark from $30.00 to $28.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 16.76% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Bank of America boosted their target price on shares of Bilibili from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. HSBC reiterated a “buy” rating on shares of Bilibili in a research note on Tuesday, July 15th. Hsbc Global Res upgraded shares of Bilibili to a “strong-buy” rating in a research note on Wednesday, May 21st. Sanford C. Bernstein began coverage on shares of Bilibili in a research note on Tuesday, July 8th. They set an “outperform” rating and a $28.00 target price for the company. Finally, Wall Street Zen downgraded shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Two investment 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.57.

Bilibili Stock Performance

Shares of BILI stock 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 fifty day moving average price of $22.65 and a 200 day moving average price of $20.26. The company has a market cap of $10.02 billion, a P/E ratio of 342.57 and a beta of 0.94. Bilibili has a 12 month low of $13.60 and a 12 month high of $31.77.

Institutional Investors Weigh In On Bilibili

A number of institutional investors and hedge funds have recently bought and sold shares of BILI. SVB Wealth LLC purchased a new stake in Bilibili in the first quarter valued at $31,000. FNY Investment Advisers LLC purchased a new stake in shares of Bilibili in the first quarter valued at about $57,000. Brooklyn Investment Group raised its holdings in shares of Bilibili by 10,989.7% in the first quarter. Brooklyn Investment Group now owns 3,216 shares of the company’s stock valued at $61,000 after buying an additional 3,187 shares during the last quarter. Banque Transatlantique SA purchased a new stake in shares of Bilibili in the first quarter valued at about $80,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Bilibili by 16.6% in the first quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock valued at $101,000 after buying an additional 751 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.