Bilibili (NASDAQ:BILI) Upgraded at Citigroup

Citigroup upgraded shares of Bilibili (NASDAQ:BILI) from a neutral rating to a buy rating in a report published on Friday, MarketBeat reports. Citigroup currently has $27.00 price target on the stock.

Several other research firms have also recently commented on BILI. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, January 21st. Bank of America dropped their price target on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, November 28th. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $27.00 to $35.00 in a report on Tuesday, March 17th. Finally, Wall Street Zen downgraded shares of Bilibili from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bilibili presently has an average rating of “Moderate Buy” and an average target price of $30.50.

Bilibili Stock Performance

BILI stock opened at $22.33 on Friday. The stock’s 50 day simple moving average is $28.98 and its 200 day simple moving average is $27.81. The company has a current ratio of 1.36, a quick ratio of 1.64 and a debt-to-equity ratio of 0.31. Bilibili has a 12-month low of $14.47 and a 12-month high of $36.40. The stock has a market capitalization of $9.33 billion, a PE ratio of 58.76 and a beta of 0.75.

Institutional Investors Weigh In On Bilibili

Several hedge funds and other institutional investors have recently made changes to their positions in BILI. Kestra Advisory Services LLC bought a new position in shares of Bilibili in the 4th quarter worth approximately $43,000. Farther Finance Advisors LLC grew 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 buying an additional 1,518 shares during the period. Hantz Financial Services Inc. increased its holdings in Bilibili by 253.0% during the third quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock valued at $102,000 after buying an additional 2,608 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Bilibili by 25.7% during the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after buying an additional 1,081 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Bilibili by 19.0% in the second quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock worth $135,000 after acquiring an additional 1,005 shares during the period. Hedge funds and other institutional investors own 16.08% of the company’s stock.

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.