Bilibili (NASDAQ:BILI) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Bilibili (NASDAQ:BILI) from a buy rating to a hold rating in a research report sent to investors on Sunday.

BILI has been the subject of several other reports. Citigroup increased their price objective on Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Sanford C. Bernstein upped their target price on shares of Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. raised their price target 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. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, January 21st. Finally, Benchmark upped their price objective on shares of Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Bilibili presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.61.

Bilibili Stock Down 4.2%

Shares of BILI stock opened at $31.84 on Friday. The stock’s fifty day moving average price is $28.17 and its 200 day moving average price is $26.69. Bilibili has a 1-year low of $14.47 and a 1-year high of $36.40. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 127.36 and a beta of 0.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently made changes to their positions in the stock. Ethic Inc. lifted its holdings in shares of Bilibili by 12.5% in the 4th quarter. Ethic Inc. now owns 49,159 shares of the company’s stock worth $1,209,000 after acquiring an additional 5,469 shares during the last quarter. Ballentine Partners LLC increased its holdings in Bilibili by 11.6% in the 4th quarter. Ballentine Partners LLC now owns 11,093 shares of the company’s stock valued at $273,000 after purchasing an additional 1,150 shares during the last quarter. Pictet Asset Management Holding SA raised its position in Bilibili by 3.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 13,000 shares of the company’s stock valued at $320,000 after purchasing an additional 400 shares during the period. Bridgewater Advisors Inc. acquired a new position in Bilibili during the fourth quarter worth $175,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Bilibili during the fourth quarter worth $451,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.