Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

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

BILI has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, October 8th. Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. upped their target price on Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Barclays lifted their price target on Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, Sanford C. Bernstein increased their price objective on Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new stake in shares of Bilibili in the 3rd quarter valued at $1,460,000. BlueCrest Capital Management Ltd bought a new position in Bilibili during the third quarter valued at about $2,107,000. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Bilibili by 3.3% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 22,170 shares of the company’s stock worth $623,000 after buying an additional 718 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Bilibili by 41.3% in the third quarter. Bank of America Corp DE now owns 492,122 shares of the company’s stock worth $13,824,000 after buying an additional 143,853 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Bilibili by 8.7% during the 3rd quarter. Creative Planning now owns 19,074 shares of the company’s stock worth $536,000 after acquiring an additional 1,527 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

Bilibili Stock Performance

Shares of BILI opened at $27.30 on Wednesday. Bilibili has a 52 week low of $14.47 and a 52 week high of $32.50. 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 company has a market capitalization of $11.41 billion, a PE ratio of 109.20 and a beta of 0.66. The company’s 50 day moving average price is $26.24 and its 200 day moving average price is $25.23.

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.