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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $30.7778.

Several analysts recently commented on BILI shares. Weiss Ratings lowered Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Wall Street Zen cut Bilibili from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Morgan Stanley raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $25.00 to $31.00 in a research report on Monday, April 13th. Citigroup upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Friday, March 27th. Finally, Benchmark reissued a “buy” rating on shares of Bilibili in a report on Wednesday, May 20th.

Institutional Investors Weigh In On Bilibili

A number of hedge funds have recently modified their holdings of BILI. EverSource Wealth Advisors LLC raised its holdings in Bilibili by 76.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock worth $37,000 after purchasing an additional 706 shares during the period. Kestra Advisory Services LLC bought a new stake in Bilibili during the fourth quarter valued at about $43,000. JPMorgan Chase & Co. grew its holdings in Bilibili by 25.7% during the second 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. Parallel Advisors LLC increased its position in Bilibili by 24.0% in the first quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock worth $141,000 after buying an additional 1,211 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in Bilibili by 61.7% in the fourth quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock worth $145,000 after buying an additional 2,247 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of BILI opened at $17.60 on Wednesday. The firm has a market cap of $7.30 billion, a PE ratio of 39.11 and a beta of 0.70. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $18.59 and a two-hundred day simple moving average of $24.30. Bilibili has a 1-year low of $15.79 and a 1-year high of $36.40.

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.