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

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $29.6144.

Several brokerages recently issued reports on BILI. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, January 21st. Wall Street Zen lowered Bilibili from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Benchmark increased their price target on Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 14th. Barclays lifted their price objective on Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Finally, Bank of America dropped their target price on Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 28th.

Institutional Investors Weigh In On Bilibili

A number of hedge funds have recently modified their holdings of BILI. Pictet Asset Management Holding SA increased its holdings in Bilibili by 3.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 13,000 shares of the company’s stock valued at $320,000 after purchasing an additional 400 shares during the last quarter. Geode Capital Management LLC grew its position in Bilibili by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 104,063 shares of the company’s stock valued at $2,559,000 after acquiring an additional 410 shares in the last quarter. AdvisorShares Investments LLC increased its stake in Bilibili by 3.3% during the fourth quarter. AdvisorShares Investments LLC now owns 14,018 shares of the company’s stock worth $345,000 after purchasing an additional 442 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Bilibili by 0.3% in the third quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock valued at $4,872,000 after purchasing an additional 489 shares during the period. Finally, Signaturefd LLC increased its stake in Bilibili by 5.6% during the 3rd quarter. Signaturefd LLC now owns 9,538 shares of the company’s stock worth $268,000 after buying an additional 503 shares during the period. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Trading Down 0.9%

Shares of BILI stock opened at $29.41 on Thursday. Bilibili has a fifty-two week low of $14.47 and a fifty-two week high of $36.40. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 1.64. The stock’s fifty day moving average is $29.79 and its two-hundred day moving average is $27.48. The firm has a market capitalization of $12.29 billion, a P/E ratio of 117.64 and a beta of 0.73.

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.