Bilibili (NASDAQ:BILI) Shares Gap Up Following Analyst Upgrade

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) gapped up prior to trading on Friday after Benchmark raised their price target on the stock from $28.00 to $29.00. The stock had previously closed at $25.89, but opened at $26.56. Benchmark currently has a buy rating on the stock. Bilibili shares last traded at $26.6730, with a volume of 1,356,105 shares.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered shares of Bilibili from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $21.00 to $24.00 in a research note on Monday, July 28th. Barclays increased their target price on shares of Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup boosted their price target on Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday. Bank of America upped their price target on Bilibili from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Finally, Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Bilibili has an average rating of “Moderate Buy” and a consensus price target of $28.84.

Hedge Funds Weigh In On Bilibili

A number of institutional investors have recently made changes to their positions in the business. SVB Wealth LLC acquired a new position in Bilibili in the 1st quarter valued at approximately $31,000. Brooklyn Investment Group grew its holdings in shares of Bilibili by 10,989.7% during 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 in the last quarter. Farther Finance Advisors LLC increased its position in shares of Bilibili by 226.9% during the third quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock valued at $61,000 after purchasing an additional 1,518 shares during the period. Banque Transatlantique SA acquired a new position in shares of Bilibili in the first quarter valued at $80,000. Finally, Advisors Asset Management Inc. raised its stake 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 purchasing an additional 751 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Stock Performance

The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average of $27.66 and a 200 day moving average of $23.43. The stock has a market capitalization of $10.94 billion, a P/E ratio of 104.72 and a beta of 0.97.

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.