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

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

Several other equities analysts also recently commented on the stock. Bank of America lowered their price objective 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. Barclays lifted their price objective on Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Citigroup upped their target price on Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, November 14th. JPMorgan Chase & Co. raised their target price on shares of Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.61.

Bilibili Stock Performance

NASDAQ BILI opened at $30.30 on Friday. The company has a 50-day simple moving average of $29.47 and a two-hundred day simple moving average of $27.31. Bilibili has a 12-month low of $14.47 and a 12-month high of $36.40. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 121.20 and a beta of 0.73. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.54.

Institutional Investors Weigh In On Bilibili

Several hedge funds and other institutional investors have recently made changes to their positions in BILI. Morgan Stanley lifted its position in Bilibili by 187.2% during the fourth quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock valued at $94,594,000 after purchasing an additional 2,507,321 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Bilibili by 16.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock worth $54,211,000 after buying an additional 278,760 shares during the period. Federated Hermes Inc. increased its stake in Bilibili by 9.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,480,287 shares of the company’s stock worth $31,752,000 after buying an additional 133,828 shares in the last quarter. Man Group plc raised its holdings in Bilibili by 21.9% during the second quarter. Man Group plc now owns 1,460,147 shares of the company’s stock valued at $31,320,000 after acquiring an additional 262,554 shares during the period. Finally, SIH Partners LLLP raised its holdings in Bilibili by 327.1% during the fourth quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock valued at $25,126,000 after acquiring an additional 782,540 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.