Bilibili (NASDAQ:BILI) Price Target Raised to $29.00

Bilibili (NASDAQ:BILI) had its target price increased by Benchmark from $28.00 to $29.00 in a report published on Friday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. Citigroup raised their target price on shares of Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday. Jefferies Financial Group set a $28.00 target price on Bilibili in a report on Thursday, August 21st. Sanford C. Bernstein lifted their price target on Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, October 8th. Finally, Macquarie began coverage on shares of Bilibili in a report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.84.

Bilibili Stock Up 1.1%

NASDAQ BILI opened at $26.18 on Friday. The business has a fifty day moving average price of $27.66 and a 200 day moving average price of $23.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $10.94 billion, a P/E ratio of 104.72 and a beta of 0.97. Bilibili has a one year low of $14.47 and a one year high of $32.50.

Hedge Funds Weigh In On Bilibili

Several institutional investors have recently bought and sold shares of the company. SVB Wealth LLC acquired a new stake in shares of Bilibili during the first quarter worth about $31,000. Brooklyn Investment Group lifted its holdings in 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 buying an additional 3,187 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Bilibili by 226.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock worth $61,000 after buying an additional 1,518 shares in the last quarter. Banque Transatlantique SA purchased a new position in Bilibili in the 1st quarter valued at approximately $80,000. Finally, Advisors Asset Management Inc. grew 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 worth $101,000 after acquiring an additional 751 shares in the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

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.