Bilibili (NASDAQ:BILI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bilibili (NASDAQ:BILI) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other research firms also recently issued reports on BILI. Benchmark increased their price objective on Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Macquarie initiated coverage on Bilibili in a research note on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price target for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, January 21st. Barclays upped their target price on shares of Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, Citigroup increased their price target on Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.61.

Bilibili Stock Performance

Shares of BILI stock opened at $33.53 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 1.64. Bilibili has a 52 week low of $14.47 and a 52 week high of $33.74. The company’s 50 day moving average price is $27.15 and its two-hundred day moving average price is $26.24. The company has a market capitalization of $14.02 billion, a P/E ratio of 134.12 and a beta of 0.66.

Institutional Trading of Bilibili

Several large investors have recently made changes to their positions in the company. Bridgewater Advisors Inc. bought a new stake in shares of Bilibili during the 4th quarter valued at approximately $175,000. Venturi Wealth Management LLC acquired a new stake in Bilibili in the fourth quarter valued at approximately $451,000. Step Capital Management Pte. Ltd. bought a new stake in shares of Bilibili during the fourth quarter worth $24,590,000. Tuttle Capital Management LLC bought a new stake in shares of Bilibili during the fourth quarter worth $374,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Bilibili during the third quarter worth $1,460,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Company Profile

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.