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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $29.6144.

BILI has been the topic of several research reports. Benchmark raised their price target on shares of Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 14th. Macquarie began coverage on Bilibili in a research report on Tuesday, October 14th. They set an “outperform” rating and a $36.03 price target on the stock. Wall Street Zen lowered Bilibili from a “buy” rating to a “hold” rating in a research report on Sunday. Citigroup lifted their price objective on shares of Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, January 21st.

Institutional Investors Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BILI. Pictet Asset Management Holding SA lifted its stake in shares of Bilibili by 3.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 13,000 shares of the company’s stock valued at $320,000 after purchasing an additional 400 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Bilibili by 0.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock worth $4,872,000 after purchasing an additional 489 shares in the last quarter. Signaturefd LLC boosted its position in shares of Bilibili by 5.6% during the 3rd quarter. Signaturefd LLC now owns 9,538 shares of the company’s stock valued at $268,000 after acquiring an additional 503 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Bilibili by 7.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock valued at $214,000 after buying an additional 709 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Bilibili by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 103,666 shares of the company’s stock valued at $2,224,000 after purchasing an additional 713 shares during the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Trading Down 4.0%

NASDAQ BILI opened at $34.04 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market cap of $14.23 billion, a P/E ratio of 136.16 and a beta of 0.66. The company has a 50-day moving average of $27.94 and a 200-day moving average of $26.57. Bilibili has a 12 month low of $14.47 and a 12 month high of $36.40.

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.