Bank of America Issues Pessimistic Forecast for Bilibili (NASDAQ:BILI) Stock Price

Bilibili (NASDAQ:BILI) had its target price cut by investment analysts at Bank of America from $32.00 to $31.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective points to a potential upside of 16.17% from the company’s previous close.

Several other research firms have also recently weighed in on BILI. Sanford C. Bernstein upped their price target on shares of Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Wall Street Zen raised Bilibili from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Barclays boosted their price objective on Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Jefferies Financial Group set a $28.00 price objective on shares of Bilibili in a research report on Thursday, August 21st. Finally, Macquarie assumed coverage on shares of Bilibili in a research report on Tuesday, October 14th. They set an “outperform” rating and a $36.03 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.61.

Bilibili Price Performance

Shares of NASDAQ BILI opened at $26.68 on Friday. Bilibili has a 1-year low of $14.47 and a 1-year high of $32.50. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $11.15 billion, a P/E ratio of 106.74 and a beta of 0.97. The firm’s 50-day moving average price is $27.69 and its 200-day moving average price is $24.03.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently made changes to their positions in the business. SVB Wealth LLC bought a new position in shares of Bilibili during the 1st quarter valued at $31,000. Farther Finance Advisors LLC grew its stake 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 buying an additional 1,518 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Bilibili by 10,989.7% in the first quarter. Brooklyn Investment Group now owns 3,216 shares of the company’s stock worth $61,000 after buying an additional 3,187 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Bilibili by 253.0% in the third quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock worth $102,000 after buying an additional 2,608 shares during the period. Finally, Banque Transatlantique SA bought a new stake in shares of Bilibili in the 1st quarter valued at about $80,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.