Bilibili (NASDAQ:BILI) was upgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report issued on Thursday, The Fly reports. The brokerage currently has a $140.00 price target on the stock. Credit Suisse Group’s price target points to a potential upside of 28.26% from the company’s previous close.
Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Bilibili from a “hold” rating to a “sell” rating in a research note on Monday, February 1st. The Goldman Sachs Group initiated coverage on Bilibili in a report on Wednesday, March 31st. They issued a “buy” rating for the company. Sanford C. Bernstein started coverage on Bilibili in a research report on Monday, January 25th. They issued an “outperform” rating on the stock. TheStreet lowered Bilibili from a “c-” rating to a “d+” rating in a research report on Tuesday, March 2nd. Finally, Nomura raised Bilibili from a “neutral” rating to a “buy” rating in a research note on Thursday, February 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.05.
NASDAQ:BILI opened at $109.15 on Thursday. The firm has a market capitalization of $38.41 billion, a PE ratio of -101.06 and a beta of 1.42. Bilibili has a 52 week low of $25.00 and a 52 week high of $157.66. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.03. The stock has a 50 day moving average of $116.61 and a 200-day moving average of $88.18.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in shares of Bilibili by 49.9% during the 4th quarter. Signaturefd LLC now owns 610 shares of the company’s stock valued at $52,000 after acquiring an additional 203 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in shares of Bilibili in the fourth quarter worth approximately $62,000. Carolina Wealth Advisors LLC acquired a new stake in shares of Bilibili during the fourth quarter valued at approximately $69,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Bilibili by 43.7% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,200 shares of the company’s stock valued at $331,000 after acquiring an additional 365 shares in the last quarter. Finally, AGF Investments Inc. acquired a new position in Bilibili in the 4th quarter worth approximately $143,000. Institutional investors and hedge funds own 39.14% of the company’s stock.
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, and live broadcasting.
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