Bilibili (NASDAQ:BILI) Stock Rating Upgraded by 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 to investors on Saturday.

A number of other analysts have also recently weighed in on the company. Benchmark upped their price target on Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Sanford C. Bernstein boosted their target price on shares of Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. Bank of America cut their price target 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. Finally, Citigroup boosted 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.61.

Bilibili Trading Down 0.1%

BILI stock opened at $33.40 on Friday. Bilibili has a 1-year low of $14.47 and a 1-year high of $33.74. 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 business’s 50 day moving average is $27.00 and its 200-day moving average is $26.11. The firm has a market cap of $13.96 billion, a P/E ratio of 133.60 and a beta of 0.66.

Hedge Funds Weigh In On Bilibili

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in Bilibili by 1.2% during the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock worth $1,672,000 after acquiring an additional 1,014 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Bilibili during the second quarter worth $214,000. Greenleaf Trust bought a new stake in Bilibili in the second quarter valued at about $213,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Bilibili by 7.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock valued at $214,000 after buying an additional 709 shares during the period. Finally, LGT Fund Management Co Ltd. boosted its holdings in Bilibili by 10.4% during the second quarter. LGT Fund Management Co Ltd. now owns 185,700 shares of the company’s stock worth $3,983,000 after buying an additional 17,550 shares during the last quarter. 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.