Brokerages Set Bilibili Inc. Sponsored ADR (NASDAQ:BILI) PT at $30.78

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $31.1250.

BILI has been the topic of a number of recent research reports. Macquarie Infrastructure restated an “outperform” rating and set a $30.00 price target on shares of Bilibili in a report on Tuesday, May 19th. Benchmark reaffirmed a “buy” rating on shares of Bilibili in a research report on Wednesday, May 20th. Finally, Weiss Ratings cut shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 8th.

Bilibili Stock Down 3.3%

Shares of Bilibili stock opened at $16.50 on Thursday. The stock’s fifty day moving average is $17.64 and its 200-day moving average is $21.55. 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 firm has a market capitalization of $6.84 billion, a PE ratio of 36.67 and a beta of 0.71. Bilibili has a 12-month low of $15.79 and a 12-month high of $36.40.

Institutional Trading of Bilibili

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Bilibili by 76.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock valued at $37,000 after purchasing an additional 706 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Bilibili in the fourth quarter valued at about $43,000. Nykredit A S acquired a new stake in shares of Bilibili during the 2nd quarter worth approximately $110,000. JPMorgan Chase & Co. grew its holdings in Bilibili by 25.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after acquiring an additional 1,081 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Bilibili by 24.0% during the first quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock worth $141,000 after purchasing an additional 1,211 shares during the period. Institutional investors and hedge funds 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.