Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives $28.84 Consensus Target Price from Brokerages

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $29.17.

BILI has been the topic of a number of recent research reports. Barclays upped their target price on Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Benchmark lifted their price objective on shares of Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Macquarie started coverage on shares of Bilibili in a report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price objective on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Bilibili from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th.

Institutional Trading of Bilibili

A number of hedge funds have recently modified their holdings of BILI. Federated Hermes Inc. raised its position in Bilibili by 44,249.8% during the first quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company’s stock valued at $25,731,000 after acquiring an additional 1,343,423 shares in the last quarter. Bayforest Capital Ltd boosted its position in Bilibili by 314.2% in the 1st quarter. Bayforest Capital Ltd now owns 50,610 shares of the company’s stock worth $967,000 after purchasing an additional 38,392 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of Bilibili during the 1st quarter worth approximately $862,000. US Bancorp DE increased its holdings in shares of Bilibili by 4.0% during the 1st quarter. US Bancorp DE now owns 59,234 shares of the company’s stock valued at $1,132,000 after purchasing an additional 2,289 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Bilibili by 40.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,279 shares of the company’s stock valued at $177,000 after purchasing an additional 2,676 shares during the period. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Stock Down 4.5%

Bilibili stock opened at $24.16 on Tuesday. The business’s 50-day simple moving average is $27.78 and its two-hundred day simple moving average is $23.65. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $10.10 billion, a PE ratio of 96.64 and a beta of 0.97. Bilibili has a fifty-two week low of $14.47 and a fifty-two week high of $32.50.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.