Bilibili (NASDAQ:BILI) Upgraded to Buy at Wall Street Zen

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

Several other analysts also recently commented on BILI. JPMorgan Chase & Co. raised their price objective on Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Macquarie assumed coverage on Bilibili in a report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price target for the company. Citigroup lifted their price objective on Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Bank of America decreased their price objective on Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Finally, Barclays increased their target price on Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and a consensus target price of $29.61.

Bilibili Trading Down 0.1%

BILI opened at $33.40 on Friday. The firm’s fifty day moving average is $27.00 and its two-hundred day moving average is $26.11. The firm has a market cap of $13.96 billion, a PE ratio of 133.60 and a beta of 0.66. Bilibili has a twelve month low of $14.47 and a twelve month high of $33.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 1.64.

Hedge Funds Weigh In On Bilibili

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Bilibili by 1.2% during the first quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock worth $1,672,000 after acquiring an additional 1,014 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of Bilibili in the 2nd quarter valued at about $214,000. Greenleaf Trust acquired a new position in shares of Bilibili during the 2nd quarter worth about $213,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Bilibili by 7.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock valued at $214,000 after purchasing an additional 709 shares during the period. Finally, LGT Fund Management Co Ltd. lifted its stake in Bilibili by 10.4% in the 2nd quarter. LGT Fund Management Co Ltd. now owns 185,700 shares of the company’s stock valued at $3,983,000 after purchasing an additional 17,550 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.