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

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $21.62.

BILI has been the topic of several research analyst reports. HSBC raised Bilibili from a “hold” rating to a “buy” rating and increased their price target for the company from $21.50 to $22.50 in a report on Wednesday, May 21st. Hsbc Global Res raised Bilibili to a “strong-buy” rating in a report on Wednesday, May 21st. Finally, Wall Street Zen raised Bilibili from a “hold” rating to a “buy” rating in a report on Saturday, May 24th.

Hedge Funds Weigh In On Bilibili

A number of institutional investors have recently bought and sold shares of BILI. Acadian Asset Management LLC increased its stake in Bilibili by 43.6% in the 1st quarter. Acadian Asset Management LLC now owns 60,525 shares of the company’s stock worth $1,156,000 after buying an additional 18,368 shares in the last quarter. Bayforest Capital Ltd increased its stake in Bilibili by 314.2% in the 1st quarter. Bayforest Capital Ltd now owns 50,610 shares of the company’s stock worth $967,000 after buying an additional 38,392 shares in the last quarter. Scientech Research LLC purchased a new stake in Bilibili in the 1st quarter worth $778,000. Edmond DE Rothschild Holding S.A. increased its stake in Bilibili by 3.7% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 202,464 shares of the company’s stock worth $3,869,000 after buying an additional 7,300 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new stake in Bilibili in the 1st quarter worth $80,000. 16.08% of the stock is owned by institutional investors.

Bilibili Price Performance

NASDAQ BILI opened at $20.78 on Friday. The business’s fifty day moving average price is $18.59 and its 200-day moving average price is $18.79. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of -103.89 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36. Bilibili has a 1-year low of $12.72 and a 1-year high of $31.77.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.