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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $30.7778.

A number of research firms have weighed in on BILI. Macquarie Infrastructure reissued an “outperform” rating and set a $30.00 price objective on shares of Bilibili in a report on Tuesday, May 19th. Weiss Ratings downgraded shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. Benchmark reiterated a “buy” rating on shares of Bilibili in a research note on Wednesday, May 20th. Morgan Stanley raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $25.00 to $31.00 in a research report on Monday, April 13th. Finally, Wall Street Zen lowered Bilibili from a “buy” rating to a “hold” rating in a report on Sunday, April 26th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Step Capital Management Pte. Ltd. purchased a new stake in Bilibili in the fourth quarter valued at approximately $24,590,000. Evergreen Quality Fund GP Ltd. purchased a new position in shares of Bilibili during the fourth quarter worth approximately $1,377,000. Hsbc Holdings PLC grew its position in shares of Bilibili by 535.7% during the fourth quarter. Hsbc Holdings PLC now owns 60,229 shares of the company’s stock worth $1,483,000 after acquiring an additional 50,754 shares during the last quarter. MY.Alpha Management HK Advisors Ltd acquired a new position in shares of Bilibili in the 4th quarter valued at $16,620,000. Finally, SG Americas Securities LLC increased its holdings in shares of Bilibili by 187.7% in the 1st quarter. SG Americas Securities LLC now owns 51,970 shares of the company’s stock valued at $1,172,000 after acquiring an additional 33,907 shares during the period. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Performance

Shares of BILI opened at $17.16 on Friday. The stock has a 50 day moving average price of $17.65 and a 200 day moving average price of $23.67. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 38.13 and a beta of 0.70. Bilibili has a 52-week low of $15.79 and a 52-week high of $36.40.

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.