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

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have received an average rating of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $29.6144.

BILI has been the subject of a number of recent analyst reports. Bank of America lowered their price objective on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Benchmark increased their price target on Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Macquarie Infrastructure began coverage on Bilibili in a report on Tuesday, October 14th. They set an “outperform” rating and a $36.03 price objective on the stock. Sanford C. Bernstein boosted their price objective on Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, Citigroup raised their target price on shares of Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, November 14th.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its stake in shares of Bilibili by 226.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock valued at $61,000 after purchasing an additional 1,518 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of Bilibili by 253.0% during the third quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock worth $102,000 after buying an additional 2,608 shares in the last quarter. JPMorgan Chase & Co. raised its position in Bilibili by 25.7% in the 2nd 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. Advisors Asset Management Inc. lifted its stake in Bilibili by 19.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock valued at $135,000 after acquiring an additional 1,005 shares in the last quarter. Finally, Bridgewater Advisors Inc. acquired a new position in Bilibili during the 4th quarter worth approximately $175,000. 16.08% of the stock is owned by institutional investors.

Bilibili Stock Up 4.4%

Shares of Bilibili stock opened at $31.53 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.54. The stock has a market cap of $13.18 billion, a PE ratio of 126.12 and a beta of 0.73. The business has a fifty day simple moving average of $28.41 and a 200 day simple moving average of $26.80. Bilibili has a 12 month low of $14.47 and a 12 month 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.