Bilibili (NASDAQ:BILI) Rating Lowered to “Hold” at 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 report issued on Saturday.

BILI has been the subject of a number of other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Citigroup lifted their price objective on shares of Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Benchmark raised their price target on shares of Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 14th. JPMorgan Chase & Co. lifted their target price on Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. Finally, Bank of America cut their price objective on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.61.

Bilibili Stock Down 2.1%

Shares of NASDAQ:BILI opened at $30.30 on Friday. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 121.20 and a beta of 0.73. The business’s 50-day moving average is $29.47 and its 200-day moving average is $27.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64. Bilibili has a 1 year low of $14.47 and a 1 year high of $36.40.

Hedge Funds Weigh In On Bilibili

Several hedge funds have recently bought and sold shares of BILI. Morgan Stanley lifted its stake in Bilibili by 187.2% in the 4th quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock worth $94,594,000 after purchasing an additional 2,507,321 shares in the last quarter. Step Capital Management Pte. Ltd. bought a new position in shares of Bilibili in the fourth quarter worth $24,590,000. SIH Partners LLLP grew its position in Bilibili by 327.1% during the fourth quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock worth $25,126,000 after buying an additional 782,540 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Bilibili by 138.0% in the 4th quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock worth $21,378,000 after acquiring an additional 504,070 shares during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Bilibili in the 2nd quarter worth about $6,819,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

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.