Wall Street Zen Downgrades Bilibili (NASDAQ:BILI) to Hold

Bilibili (NASDAQ:BILI) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other analysts have also commented on the stock. Bank of America lifted their price target on shares of Bilibili from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut Bilibili from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $21.00 to $24.00 in a report on Monday, July 28th. Macquarie began coverage on shares of Bilibili in a report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price objective on the stock. Finally, HSBC reaffirmed a “buy” rating on shares of Bilibili in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.39.

Bilibili Trading Down 2.1%

Shares of BILI opened at $27.83 on Friday. Bilibili has a 12-month low of $14.47 and a 12-month high of $32.50. The firm has a market capitalization of $11.63 billion, a P/E ratio of 397.57 and a beta of 0.97. The firm has a 50-day moving average price of $27.24 and a 200 day moving average price of $23.10. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57.

Institutional Trading of Bilibili

A number of institutional investors have recently added to or reduced their stakes in BILI. Ping Capital Management Inc. increased its stake in Bilibili by 14.3% in the 1st quarter. Ping Capital Management Inc. now owns 40,000 shares of the company’s stock valued at $764,000 after purchasing an additional 5,000 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Bilibili by 44,249.8% in the first quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company’s stock valued at $25,731,000 after buying an additional 1,343,423 shares in the last quarter. Bayforest Capital Ltd raised its stake in shares of Bilibili by 314.2% during the 1st quarter. Bayforest Capital Ltd now owns 50,610 shares of the company’s stock worth $967,000 after buying an additional 38,392 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of Bilibili in the 1st quarter worth about $862,000. Finally, US Bancorp DE grew its stake in Bilibili by 4.0% in the 1st quarter. US Bancorp DE now owns 59,234 shares of the company’s stock valued at $1,132,000 after acquiring an additional 2,289 shares during the last quarter. Hedge funds and other institutional investors 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.