Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $30.7778.

Several research firms have issued reports on BILI. Citigroup upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Friday, March 27th. Benchmark reiterated a “buy” rating on shares of Bilibili in a research note on Wednesday, May 20th. Weiss Ratings cut shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 8th. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $27.00 to $35.00 in a report on Tuesday, March 17th. Finally, Wall Street Zen lowered shares of Bilibili from a “buy” rating to a “hold” rating in a report on Sunday, April 26th.

Bilibili Stock Performance

NASDAQ BILI opened at $17.03 on Wednesday. Bilibili has a 1 year low of $15.79 and a 1 year high of $36.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $7.06 billion, a PE ratio of 37.85 and a beta of 0.71. The company’s 50 day simple moving average is $19.16 and its two-hundred day simple moving average is $24.55.

Bilibili (NASDAQ:BILI) last posted its earnings results on Saturday, May 16th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Bilibili had a net margin of 4.58% and a return on equity of 10.81%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts predict that Bilibili will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bilibili

A number of institutional investors have recently made changes to their positions in the stock. Morgan Stanley increased its holdings in shares of Bilibili by 187.2% in the 4th quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock worth $94,594,000 after buying an additional 2,507,321 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 last quarter. Man Group plc increased its holdings in shares of Bilibili by 21.9% in the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company’s stock worth $31,320,000 after buying an additional 262,554 shares during the last quarter. SIH Partners LLLP increased its holdings in shares of Bilibili by 327.1% in the 4th quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock worth $25,126,000 after buying an additional 782,540 shares during the last quarter. Finally, Step Capital Management Pte. Ltd. bought a new position in shares of Bilibili in the 4th quarter worth $24,590,000. 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.