Bilibili (NASDAQ:BILI) Sets New 52-Week High – Here’s What Happened

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) hit a new 52-week high on Tuesday . The company traded as high as $35.12 and last traded at $34.8070, with a volume of 1027141 shares. The stock had previously closed at $33.53.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Sanford C. Bernstein boosted their target price on Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Barclays boosted their price target on shares of Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Macquarie initiated coverage on shares of Bilibili in a research note on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 target price on the stock. Finally, Citigroup upped their price objective on shares of Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.61.

Bilibili Trading Up 3.4%

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market cap of $14.48 billion, a PE ratio of 138.69 and a beta of 0.66. The company’s 50-day moving average price is $27.15 and its 200 day moving average price is $26.24.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of Bilibili by 1.2% during the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock valued at $1,672,000 after buying an additional 1,014 shares during the last quarter. Ballentine Partners LLC bought a new position in Bilibili in the 2nd quarter valued at approximately $214,000. Greenleaf Trust bought a new position in Bilibili during the 2nd quarter worth approximately $213,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Bilibili by 7.7% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock valued at $214,000 after buying an additional 709 shares during the last quarter. Finally, LGT Fund Management Co Ltd. grew its position in Bilibili by 10.4% during the second quarter. LGT Fund Management Co Ltd. now owns 185,700 shares of the company’s stock valued at $3,983,000 after buying an additional 17,550 shares during the period. Institutional investors own 16.08% of the company’s stock.

Bilibili Company Profile

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.