Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $29.6144.

A number of analysts recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Macquarie initiated coverage on Bilibili in a research note on Tuesday, October 14th. They set an “outperform” rating and a $36.03 price objective for the company. Citigroup lifted their target price on Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. Finally, Bank of America reduced their target price on Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 28th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BILI. Farther Finance Advisors LLC raised its holdings in shares of Bilibili by 226.9% during the third quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock valued at $61,000 after acquiring an additional 1,518 shares during the period. Hantz Financial Services Inc. grew its position in Bilibili by 253.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock worth $102,000 after purchasing an additional 2,608 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Bilibili by 25.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after purchasing an additional 1,081 shares during the period. Advisors Asset Management Inc. raised its stake in Bilibili by 19.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock valued at $135,000 after purchasing an additional 1,005 shares during the period. Finally, Bridgewater Advisors Inc. purchased a new stake in shares of Bilibili in the fourth quarter valued at $175,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Trading Up 1.5%

Shares of Bilibili stock opened at $30.20 on Friday. The business has a fifty day simple moving average of $28.32 and a 200-day simple moving average of $26.74. Bilibili has a fifty-two week low of $14.47 and a fifty-two week high of $36.40. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 120.80 and a beta of 0.73. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.54.

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.