Bilibili (NASDAQ:BILI) Downgraded to Hold Rating by Wall Street Zen

Bilibili (NASDAQ:BILI) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

BILI has been the topic of several other research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Benchmark upped their target price on shares of Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Macquarie assumed coverage on Bilibili in a research note on Tuesday, October 14th. They set an “outperform” rating and a $36.03 price target for the company. Barclays boosted their price objective on Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Finally, Sanford C. Bernstein increased their price objective on Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Bilibili currently has an average rating of “Moderate Buy” and an average target price of $29.61.

Bilibili Trading Down 4.0%

Shares of Bilibili stock opened at $34.04 on Friday. The stock has a market capitalization of $14.23 billion, a PE ratio of 136.16 and a beta of 0.66. Bilibili has a 52 week low of $14.47 and a 52 week high of $36.40. The stock has a 50 day moving average price of $27.94 and a two-hundred day moving average price of $26.57. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 1.64.

Institutional Trading of Bilibili

A number of hedge funds have recently bought and sold shares of BILI. Royal Bank of Canada increased its position in shares of Bilibili by 1.2% during the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock valued at $1,672,000 after purchasing an additional 1,014 shares during the last quarter. Greenleaf Trust purchased a new stake in Bilibili during the second quarter worth about $213,000. Mirae Asset Global Investments Co. Ltd. raised its position in Bilibili by 7.7% in the second 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. Vanguard Personalized Indexing Management LLC boosted its stake in Bilibili by 50.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,195 shares of the company’s stock valued at $648,000 after acquiring an additional 10,126 shares during the last quarter. Finally, Bayforest Capital Ltd grew its position in shares of Bilibili by 7.6% during the 2nd quarter. Bayforest Capital Ltd now owns 54,446 shares of the company’s stock valued at $1,168,000 after acquiring an additional 3,836 shares during the period. 16.08% of the stock is currently owned by institutional investors.

About Bilibili

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.