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

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $30.5530.

A number of equities analysts have issued reports on BILI shares. Citigroup raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Friday, March 27th. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and raised their price target for the company from $27.00 to $35.00 in a research report on Tuesday, March 17th. Morgan Stanley upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $25.00 to $31.00 in a report on Monday, April 13th. Wall Street Zen raised shares of Bilibili from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a research note on Monday.

Bilibili Stock Down 2.6%

Shares of NASDAQ:BILI opened at $22.17 on Friday. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 58.34 and a beta of 0.87. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. Bilibili has a 12-month low of $17.02 and a 12-month high of $36.40. The business’s 50 day moving average is $25.65 and its 200 day moving average is $27.35.

Institutional Trading of Bilibili

A number of institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley boosted its position in Bilibili by 187.2% in the fourth quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock worth $94,594,000 after purchasing an additional 2,507,321 shares during the last quarter. Step Capital Management Pte. Ltd. purchased a new stake in shares of Bilibili during the 4th quarter valued at $24,590,000. SIH Partners LLLP increased its position in shares of Bilibili by 327.1% during the 4th quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock valued at $25,126,000 after purchasing an additional 782,540 shares during the last quarter. MY.Alpha Management HK Advisors Ltd bought a new stake in shares of Bilibili during the 4th quarter worth $16,620,000. Finally, Panagora Asset Management Inc. raised its stake in shares of Bilibili by 138.0% during the 4th quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock worth $21,378,000 after purchasing an additional 504,070 shares during the period. 16.08% of the stock is owned by hedge funds and other institutional investors.

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.