Bilibili (NASDAQ:BILI) Rating Increased to Buy at Wall Street Zen

Bilibili (NASDAQ:BILI) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other research analysts also recently issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Bank of America reduced their target price on Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. JPMorgan Chase & Co. raised their target price on shares of Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Barclays boosted their price target on shares of Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Finally, Citigroup raised their price objective on shares of Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.61.

Bilibili Price Performance

Shares of Bilibili stock opened at $27.90 on Friday. The company’s fifty day simple moving average is $29.93 and its two-hundred day simple moving average is $27.56. Bilibili has a 12-month low of $14.47 and a 12-month high of $36.40. The firm has a market cap of $11.66 billion, a PE ratio of 111.60 and a beta of 0.73. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.54.

Institutional Investors Weigh In On Bilibili

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