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

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $30.5033.

Several equities analysts have recently issued reports on BILI shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, January 21st. Bank of America decreased their price objective on Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 28th. JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $27.00 to $35.00 in a research report on Tuesday, March 17th. Finally, Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a report on Monday, March 9th.

Hedge Funds Weigh In On Bilibili

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in Bilibili during the 4th quarter valued at approximately $43,000. Farther Finance Advisors LLC lifted its position in shares of Bilibili by 226.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock worth $61,000 after purchasing an additional 1,518 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Bilibili by 253.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock worth $102,000 after purchasing an additional 2,608 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Bilibili by 25.7% in 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 stake in shares of 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 last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Stock Down 4.3%

Shares of NASDAQ BILI opened at $24.06 on Monday. The company has a 50 day simple moving average of $29.89 and a 200 day simple moving average of $27.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 1.64. Bilibili has a 1 year low of $14.47 and a 1 year high of $36.40. The firm has a market cap of $10.06 billion, a PE ratio of 63.31 and a beta of 0.75.

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.