Bilibili (NASDAQ:BILI) Rating Increased to Buy at Wall Street Zen

Bilibili (NASDAQ:BILI) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Monday.

Other research analysts have also recently issued reports about the stock. Sanford C. Bernstein raised their target price on Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Bank of America lowered their price target on Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Benchmark lifted their price objective on shares of Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Barclays upped their target price on shares of Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Finally, Citigroup raised their price target on shares of Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Bilibili currently has an average rating of “Moderate Buy” and an average price target of $29.61.

Bilibili Trading Up 4.4%

NASDAQ BILI opened at $31.53 on Monday. The business’s 50-day moving average price is $28.41 and its two-hundred day moving average price is $26.81. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $13.18 billion, a PE ratio of 126.12 and a beta of 0.73. Bilibili has a 12 month low of $14.47 and a 12 month high of $36.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its holdings in shares of Bilibili by 16.9% during the third 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. Federated Hermes Inc. raised its stake in Bilibili by 9.9% in the second quarter. Federated Hermes Inc. now owns 1,480,287 shares of the company’s stock valued at $31,752,000 after purchasing an additional 133,828 shares in the last quarter. Man Group plc lifted its position in Bilibili by 21.9% during the second quarter. Man Group plc now owns 1,460,147 shares of the company’s stock valued at $31,320,000 after purchasing an additional 262,554 shares during the last quarter. Step Capital Management Pte. Ltd. purchased a new position in Bilibili in the 4th quarter worth approximately $24,590,000. Finally, Marshall Wace LLP grew its stake in Bilibili by 0.7% in the 2nd quarter. Marshall Wace LLP now owns 740,571 shares of the company’s stock worth $15,885,000 after buying an additional 4,902 shares in the last quarter. 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.