Macquarie Begins Coverage on Bilibili (NASDAQ:BILI)

Stock analysts at Macquarie assumed coverage on shares of Bilibili (NASDAQ:BILI) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage set an “outperform” rating and a $36.03 price target on the stock. Macquarie’s price objective would suggest a potential upside of 34.04% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Sanford C. Bernstein began coverage on shares of Bilibili in a report on Tuesday, July 8th. They set an “outperform” rating and a $28.00 target price on the stock. Benchmark reduced their price target on Bilibili from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, October 8th. Bank of America upped their target price on Bilibili from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Finally, Wall Street Zen raised Bilibili from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and a consensus target price of $26.95.

Bilibili Price Performance

NASDAQ:BILI opened at $26.88 on Tuesday. Bilibili has a 52 week low of $14.47 and a 52 week high of $30.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 1.60. The firm’s 50-day simple moving average is $25.36 and its 200 day simple moving average is $21.60. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 384.00 and a beta of 0.93.

Hedge Funds Weigh In On Bilibili

A number of institutional investors have recently modified their holdings of BILI. Vontobel Holding Ltd. boosted its stake in Bilibili by 87.9% in the first quarter. Vontobel Holding Ltd. now owns 35,239 shares of the company’s stock valued at $673,000 after buying an additional 16,482 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Bilibili by 8.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company’s stock valued at $178,000 after purchasing an additional 722 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Bilibili by 48.8% during the 1st quarter. Hsbc Holdings PLC now owns 27,855 shares of the company’s stock valued at $531,000 after purchasing an additional 9,134 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Bilibili during the 1st quarter worth approximately $57,000. Finally, Acadian Asset Management LLC lifted its stake in Bilibili by 43.6% in the 1st quarter. Acadian Asset Management LLC now owns 60,525 shares of the company’s stock valued at $1,156,000 after purchasing an additional 18,368 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.