Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Given Average Rating of “Moderate Buy” by Analysts

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.5530.

BILI has been the subject of a number of research analyst reports. Citigroup raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Friday, March 27th. Wall Street Zen cut shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Morgan Stanley upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $31.00 in a research note on Monday, April 13th. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $27.00 to $35.00 in a research note on Tuesday, March 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a research note on Monday, April 20th.

Bilibili Price Performance

Shares of BILI opened at $19.07 on Tuesday. 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 twelve month low of $17.66 and a twelve month high of $36.40. The company has a market capitalization of $7.91 billion, a P/E ratio of 50.19 and a beta of 0.79. The firm has a 50 day moving average of $23.47 and a 200 day moving average of $26.72.

Institutional Trading of Bilibili

Several hedge funds have recently bought and sold shares of the stock. Morgan Stanley raised its position in shares of Bilibili by 187.2% during the 4th quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock valued at $94,594,000 after buying an additional 2,507,321 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Bilibili by 16.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock valued at $54,211,000 after buying an additional 278,760 shares in the last quarter. Man Group plc raised its position in shares of Bilibili by 21.9% during the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company’s stock valued at $31,320,000 after buying an additional 262,554 shares in the last quarter. SIH Partners LLLP raised 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 buying an additional 782,540 shares in the last quarter. Finally, Step Capital Management Pte. Ltd. purchased a new stake in shares of Bilibili during the 4th quarter valued at about $24,590,000. Hedge funds and other institutional investors 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.