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

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $30.5530.

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $27.00 to $35.00 in a research note on Tuesday, March 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, January 21st. Citigroup upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Bilibili from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Morgan Stanley upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $31.00 in a research note on Monday, April 13th.

Institutional Trading of Bilibili

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd bought a new stake in Bilibili in the 3rd quarter valued at $2,107,000. FNY Investment Advisers LLC bought a new stake in shares of Bilibili in the 3rd quarter worth about $1,460,000. Step Capital Management Pte. Ltd. bought a new stake in shares of Bilibili in the 4th quarter worth about $24,590,000. HighTower Advisors LLC bought a new stake in shares of Bilibili in the 3rd quarter worth about $1,536,000. Finally, Rovida Investment Management Ltd increased its holdings in shares of Bilibili by 50.0% in the 3rd quarter. Rovida Investment Management Ltd now owns 150,000 shares of the company’s stock worth $4,214,000 after buying an additional 50,000 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Stock Down 6.4%

BILI opened at $23.37 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.36. Bilibili has a fifty-two week low of $16.55 and a fifty-two week high of $36.40. The firm’s fifty day moving average is $25.99 and its 200 day moving average is $27.42. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 61.50 and a beta of 0.87.

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.