Bilibili (NASDAQ:BILI) Rating Lowered to “Hold” at Wall Street Zen

Bilibili (NASDAQ:BILI) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

BILI has been the topic of several other research reports. Benchmark boosted their price target on shares of Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Barclays boosted their target price on shares of Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. JPMorgan Chase & Co. upped their price objective on Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Finally, Bank of America lowered their price objective on Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.61.

Bilibili Stock Performance

NASDAQ BILI opened at $30.30 on Friday. 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’s fifty day moving average is $29.47 and its two-hundred day moving average is $27.37. The firm has a market capitalization of $12.67 billion, a P/E ratio of 121.20 and a beta of 0.73. Bilibili has a fifty-two week low of $14.47 and a fifty-two week high of $36.40.

Institutional Investors Weigh In On Bilibili

Several institutional investors and hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in Bilibili during the 4th quarter valued at about $43,000. Farther Finance Advisors LLC lifted its position 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 worth $61,000 after purchasing an additional 1,518 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Bilibili by 253.0% during the third 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. boosted its stake in shares of Bilibili by 25.7% in 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. Finally, Advisors Asset Management Inc. boosted its stake in shares of Bilibili by 19.0% in the second 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. Hedge funds and other 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.