Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $29.6144.

BILI has been the subject of several recent analyst reports. Bank of America decreased their price target on Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, October 8th. Barclays increased their target price on shares of Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Macquarie assumed coverage on shares of Bilibili in a research report on Tuesday, October 14th. They set an “outperform” rating and a $36.03 price target on the stock. Finally, Benchmark upped their price target on shares of Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 14th.

Bilibili Stock Down 0.1%

BILI opened at $27.30 on Wednesday. The stock’s 50 day moving average price is $26.24 and its 200 day moving average price is $25.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market cap of $11.41 billion, a P/E ratio of 109.20 and a beta of 0.66. Bilibili has a 12 month low of $14.47 and a 12 month high of $32.50.

Hedge Funds Weigh In On Bilibili

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in shares of Bilibili in the second quarter worth $214,000. Y Intercept Hong Kong Ltd purchased a new stake in Bilibili in the 2nd quarter worth about $4,111,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Bilibili in the 2nd quarter worth about $927,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Bilibili by 7.7% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock worth $214,000 after acquiring an additional 709 shares during the period. Finally, Rovida Advisors Inc. purchased a new position in Bilibili during the 2nd quarter valued at about $2,145,000. 16.08% of the stock is owned by institutional investors.

Bilibili Company Profile

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.