Brokerages Set Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Price Target at $29.61

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $29.6144.

Several equities research analysts have issued reports on BILI shares. Sanford C. Bernstein raised their target price on Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Benchmark raised their price objective on Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. JPMorgan Chase & Co. boosted their price objective on shares of Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Bank of America lowered their target price on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Finally, Wall Street Zen raised shares of Bilibili from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of Bilibili in the 1st quarter valued at $26,725,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Bilibili in the 2nd quarter valued at about $6,819,000. Arrowstreet Capital Limited Partnership increased its stake in Bilibili by 16.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock worth $54,211,000 after purchasing an additional 278,760 shares during the period. Man Group plc lifted its position in shares of Bilibili by 21.9% during the second quarter. Man Group plc now owns 1,460,147 shares of the company’s stock worth $31,320,000 after purchasing an additional 262,554 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Bilibili during the second quarter worth about $4,111,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Bilibili Stock Performance

NASDAQ:BILI opened at $24.78 on Friday. The company’s 50-day moving average is $26.96 and its two-hundred day moving average is $24.68. Bilibili has a 1-year low of $14.47 and a 1-year high of $32.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 99.12 and a beta of 0.73.

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.