Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives $27.39 Consensus Target Price from Brokerages

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $27.3922.

Several research analysts have recently issued reports on BILI shares. Wall Street Zen upgraded shares of Bilibili from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, October 8th. Benchmark decreased their price objective on shares of Bilibili from $30.00 to $28.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Bank of America increased their price objective on shares of Bilibili from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Finally, Macquarie assumed coverage on shares of Bilibili in a research note on Tuesday, October 14th. They set an “outperform” rating and a $36.03 target price for the company.

Institutional Trading of Bilibili

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vontobel Holding Ltd. lifted its stake in Bilibili by 87.9% during the first quarter. Vontobel Holding Ltd. now owns 35,239 shares of the company’s stock valued at $673,000 after purchasing an additional 16,482 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Bilibili by 8.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company’s stock valued at $178,000 after purchasing an additional 722 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Bilibili by 48.8% during the first quarter. Hsbc Holdings PLC now owns 27,855 shares of the company’s stock valued at $531,000 after purchasing an additional 9,134 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Bilibili by 43.6% during the first quarter. Acadian Asset Management LLC now owns 60,525 shares of the company’s stock valued at $1,156,000 after purchasing an additional 18,368 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Bilibili during the first quarter valued at approximately $26,725,000. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Trading Up 5.4%

Bilibili stock opened at $31.59 on Friday. The firm has a 50 day simple moving average of $26.25 and a 200-day simple moving average of $22.41. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market capitalization of $13.20 billion, a PE ratio of 451.29 and a beta of 0.93. Bilibili has a 12-month low of $14.47 and a 12-month high of $31.71.

Bilibili Company Profile

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.