Bilibili (NASDAQ:BILI) Stock Rating Lowered by Wall Street Zen

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

BILI has been the topic of several other reports. Sanford C. Bernstein boosted their price target on shares of Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. HSBC restated a “buy” rating on shares of Bilibili in a research note on Tuesday, July 15th. Macquarie started coverage on Bilibili in a research note on Tuesday, October 14th. They set an “outperform” rating and a $36.03 price target for the company. Benchmark lowered their price target on Bilibili from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. downgraded Bilibili from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $21.00 to $24.00 in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.39.

Bilibili Price Performance

BILI opened at $27.83 on Friday. The firm has a market capitalization of $11.63 billion, a P/E ratio of 397.57 and a beta of 0.97. The stock has a fifty day moving average of $27.24 and a 200-day moving average of $23.19. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. Bilibili has a 12-month low of $14.47 and a 12-month high of $32.50.

Institutional Trading of Bilibili

A number of hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in Bilibili in the 1st quarter worth approximately $26,725,000. Federated Hermes Inc. lifted its position in shares of Bilibili by 44,249.8% during the first quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company’s stock worth $25,731,000 after acquiring an additional 1,343,423 shares in the last quarter. XY Capital Ltd purchased a new position in shares of Bilibili in the first quarter valued at $11,409,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Bilibili during the 2nd quarter valued at $6,819,000. Finally, Man Group plc raised its stake in shares of Bilibili by 21.9% during the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company’s stock valued at $31,320,000 after purchasing an additional 262,554 shares during the period. Institutional investors own 16.08% of the company’s stock.

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.