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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $30.5033.

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Bank of America decreased their target price on Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $27.00 to $35.00 in a research note on Tuesday, March 17th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Morgan Stanley boosted its stake in Bilibili by 187.2% during the fourth quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock worth $94,594,000 after acquiring an additional 2,507,321 shares in the last quarter. Step Capital Management Pte. Ltd. acquired a new position in shares of Bilibili during the fourth quarter valued at about $24,590,000. SIH Partners LLLP raised its holdings in shares of 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 purchasing an additional 782,540 shares during the period. MY.Alpha Management HK Advisors Ltd bought a new position in shares of Bilibili during the 4th quarter worth about $16,620,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Bilibili by 138.0% during the 4th quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock worth $21,378,000 after purchasing an additional 504,070 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Performance

Shares of BILI opened at $24.06 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.64 and a debt-to-equity ratio of 0.31. The firm’s fifty day simple moving average is $29.89 and its two-hundred day simple moving average is $27.81. Bilibili has a 12 month low of $14.47 and a 12 month high of $36.40. The stock has a market capitalization of $10.06 billion, a P/E ratio of 63.31 and a beta of 0.75.

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.