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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $29.6144.

Several equities research analysts recently weighed in on the company. Citigroup upped their price target on Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Benchmark increased their price objective on shares of Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 14th. Barclays increased their price objective on shares of Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Macquarie initiated coverage on shares of Bilibili in a research report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price target for the company. Finally, Bank of America dropped their price target on Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, November 28th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in Bilibili by 226.9% during the third quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock worth $61,000 after purchasing an additional 1,518 shares during the period. Hantz Financial Services Inc. increased its position in Bilibili by 253.0% during the third quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock worth $102,000 after buying an additional 2,608 shares during the period. JPMorgan Chase & Co. increased its stake in Bilibili by 25.7% in the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after purchasing an additional 1,081 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Bilibili by 19.0% in the second quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock valued at $135,000 after purchasing an additional 1,005 shares during the period. Finally, Bridgewater Advisors Inc. acquired a new position in shares of Bilibili during the fourth quarter worth about $175,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Trading Down 4.0%

Shares of BILI stock opened at $34.04 on Friday. Bilibili has a 1-year low of $14.47 and a 1-year high of $36.40. 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 business has a 50-day moving average of $27.94 and a 200 day moving average of $26.57. The stock has a market capitalization of $14.23 billion, a PE ratio of 136.16 and a beta of 0.66.

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.