Bilibili Inc. (NASDAQ:BILI) shares gapped down before the market opened on Wednesday . The stock had previously closed at $79.50, but opened at $77.35. Bilibili shares last traded at $76.14, with a volume of 19,675 shares trading hands.
BILI has been the topic of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of Bilibili from $122.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 24th. KGI Securities began coverage on shares of Bilibili in a research note on Monday, September 6th. They issued an “outperform” rating on the stock. CLSA decreased their target price on shares of Bilibili from $114.00 to $76.50 and set an “outperform” rating for the company in a research report on Friday, August 20th. HSBC decreased their price target on shares of Bilibili from $140.00 to $127.00 and set a “buy” rating for the company in a report on Friday, August 20th. Finally, Zacks Investment Research upgraded shares of Bilibili from a “sell” rating to a “hold” rating in a research note on Thursday, August 26th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $97.75.
The company’s fifty day moving average price is $87.26 and its two-hundred day moving average price is $101.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.50 and a current ratio of 3.50. The firm has a market capitalization of $23.64 billion, a PE ratio of -45.46 and a beta of 1.19.
A number of institutional investors and hedge funds have recently modified their holdings of BILI. Standard Life Aberdeen plc lifted its holdings in shares of Bilibili by 57.0% during the 1st quarter. Standard Life Aberdeen plc now owns 13,184 shares of the company’s stock valued at $1,411,000 after buying an additional 4,789 shares during the last quarter. Royal Bank of Canada increased its position in shares of Bilibili by 93.6% during the first quarter. Royal Bank of Canada now owns 46,347 shares of the company’s stock valued at $4,962,000 after purchasing an additional 22,413 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Bilibili by 2.3% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 457,215 shares of the company’s stock valued at $55,707,000 after purchasing an additional 10,261 shares during the period. Comerica Bank grew its position in Bilibili by 14.0% in the first quarter. Comerica Bank now owns 18,033 shares of the company’s stock valued at $2,104,000 after acquiring an additional 2,221 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new stake in Bilibili in the first quarter valued at $604,000. 48.13% of the stock is currently owned by hedge funds and other institutional investors.
About Bilibili (NASDAQ:BILI)
Bilibili, Inc is a holding company, which represents the iconic brand of online entertainment for young generations in China. It offers a wide array of content serving young generations’ diverse interests. The firm enables broad video-based content consumption scenarios centered around professional user generated videos, or professional user generated videos (PUGV), supplemented with live broadcasting, occupationally generated videos, or occupationally generated videos (OGV), and more.
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