Wall Street Zen Upgrades Bilibili (NASDAQ:BILI) to Buy

Bilibili (NASDAQ:BILI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Several other equities analysts have also recently commented on BILI. Sanford C. Bernstein raised their price target on shares of Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Benchmark lifted their target price on Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 14th. Macquarie Infrastructure assumed coverage on Bilibili in a research note on Tuesday, October 14th. They set an “outperform” rating and a $36.03 target price for the company. JPMorgan Chase & Co. increased their price target on Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. Finally, Barclays lifted their price objective on Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.61.

Bilibili Price Performance

Shares of BILI stock opened at $30.96 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market capitalization of $12.94 billion, a PE ratio of 123.84 and a beta of 0.73. The firm’s 50-day moving average is $28.60 and its two-hundred day moving average is $26.91. Bilibili has a 12 month low of $14.47 and a 12 month high of $36.40.

Hedge Funds Weigh In On Bilibili

Several hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of Bilibili by 226.9% during the third quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock worth $61,000 after purchasing an additional 1,518 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Bilibili by 253.0% in the 3rd 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 period. JPMorgan Chase & Co. increased its stake 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 period. Advisors Asset Management Inc. raised its position in Bilibili by 19.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock worth $135,000 after buying an additional 1,005 shares during the last quarter. Finally, Bridgewater Advisors Inc. purchased a new position in Bilibili during the 4th quarter worth $175,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Company Profile

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.