Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been given an average rating of “Moderate Buy” by the nine brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $30.7778.

BILI has been the topic of a number of analyst reports. Morgan Stanley raised Bilibili from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $25.00 to $31.00 in a research report on Monday, April 13th. Benchmark restated a “buy” rating on shares of Bilibili in a research note on Wednesday, May 20th. Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Bilibili in a report on Tuesday, May 19th. Weiss Ratings cut shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Finally, Wall Street Zen downgraded shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th.

Institutional Investors Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley grew its stake in shares of Bilibili by 187.2% during the fourth 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. Arrowstreet Capital Limited Partnership raised its stake in Bilibili by 16.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock valued at $54,211,000 after buying an additional 278,760 shares in the last quarter. Man Group plc lifted its holdings in Bilibili by 21.9% during the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company’s stock worth $31,320,000 after buying an additional 262,554 shares during the last quarter. SIH Partners LLLP lifted its holdings in Bilibili by 327.1% during the 4th 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 during the last quarter. Finally, Step Capital Management Pte. Ltd. acquired a new position in shares of Bilibili during the 4th quarter worth about $24,590,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Trading Down 1.9%

NASDAQ:BILI opened at $17.16 on Friday. Bilibili has a 12-month low of $15.79 and a 12-month high of $36.40. The firm has a market cap of $7.12 billion, a PE ratio of 38.13 and a beta of 0.70. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average price of $17.65 and a 200 day moving average price of $23.67.

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.