Bilibili (NASDAQ:BILI) Stock Rating Lowered by Wall Street Zen

Bilibili (NASDAQ:BILI) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Other equities analysts also recently issued research reports about the stock. Bank of America reduced their target price on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, November 28th. JPMorgan Chase & Co. boosted their target price on shares of Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Benchmark increased their target price on Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Macquarie began coverage on Bilibili in a research report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price target for the company. Finally, Barclays boosted their price objective on Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bilibili has a consensus rating of “Moderate Buy” and an average target price of $29.61.

Bilibili Trading Down 4.0%

Shares of BILI opened at $34.04 on Friday. Bilibili has a fifty-two week low of $14.47 and a fifty-two week high of $36.40. The business has a 50-day moving average of $27.94 and a 200 day moving average of $26.57. The firm 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 debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 1.64.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in 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 purchasing an additional 1,518 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in 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 during the last quarter. JPMorgan Chase & Co. increased its position in shares of Bilibili by 25.7% during the 2nd 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 last quarter. Advisors Asset Management Inc. lifted its position in Bilibili by 19.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock worth $135,000 after buying an additional 1,005 shares during the last quarter. Finally, Bridgewater Advisors Inc. purchased a new stake in Bilibili in the fourth quarter worth approximately $175,000. 16.08% of the stock is currently owned by institutional investors.

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.