Bilibili (NASDAQ:BILI) Raised to Buy at Citigroup

Bilibili (NASDAQ:BILI) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Friday, Marketbeat.com reports. The brokerage presently has a $27.00 price objective on the stock. Citigroup’s price objective points to a potential upside of 20.91% from the company’s current price.

Several other brokerages also recently commented on BILI. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Bank of America decreased their price objective on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 28th. Wall Street Zen lowered shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and raised their target price for the company from $27.00 to $35.00 in a research note on Tuesday, March 17th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.50.

Bilibili Stock Down 1.5%

Shares of BILI stock opened at $22.33 on Friday. The stock’s 50 day simple moving average is $28.98 and its 200 day simple moving average is $27.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.64 and a current ratio of 1.36. Bilibili has a twelve month low of $14.47 and a twelve month high of $36.40. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 58.76 and a beta of 0.75.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake in shares of Bilibili in the fourth quarter valued at approximately $43,000. Farther Finance Advisors LLC increased its position 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 acquiring 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 acquiring an additional 2,608 shares during the period. JPMorgan Chase & Co. raised its stake in Bilibili by 25.7% during the 2nd 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 last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Bilibili by 19.0% in the 2nd 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. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.