Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Given Average Rating of “Moderate Buy” by Brokerages

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $28.8367.

Several equities analysts have recently commented on the company. Barclays boosted their price objective on Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday. Wall Street Zen raised Bilibili from a “hold” rating to a “buy” rating in a research note on Sunday. Sanford C. Bernstein boosted 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. Jefferies Financial Group set a $28.00 price target on Bilibili in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. lowered shares of Bilibili from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $21.00 to $24.00 in a report on Monday, July 28th.

Hedge Funds Weigh In On Bilibili

Several institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its stake in Bilibili by 16.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock worth $54,211,000 after purchasing an additional 278,760 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Bilibili by 2.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,547,057 shares of the company’s stock worth $29,564,000 after purchasing an additional 42,914 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Bilibili by 9.9% in the second quarter. Federated Hermes Inc. now owns 1,480,287 shares of the company’s stock worth $31,752,000 after purchasing an additional 133,828 shares during the last quarter. Man Group plc lifted its position in shares of Bilibili by 21.9% in the second quarter. Man Group plc now owns 1,460,147 shares of the company’s stock worth $31,320,000 after buying an additional 262,554 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Bilibili during the first quarter valued at approximately $26,725,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Stock Performance

Shares of NASDAQ BILI opened at $26.12 on Tuesday. The stock has a market cap of $10.92 billion, a PE ratio of 104.48 and a beta of 0.97. Bilibili has a 1 year low of $14.47 and a 1 year high of $32.50. The firm has a fifty day moving average price of $27.73 and a 200-day moving average price of $23.57. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64.

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.