Bilibili (NASDAQ:BILI) Upgraded by Wall Street Zen to Buy Rating

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

A number of other research analysts also recently issued reports on the stock. Bank of America cut their price objective on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Macquarie initiated coverage on shares of Bilibili in a report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price target on the stock. Sanford C. Bernstein increased their price objective on Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.61.

Bilibili Price Performance

Shares of BILI stock opened at $33.40 on Friday. The stock’s 50-day moving average is $27.00 and its 200 day moving average is $26.13. Bilibili has a 1-year low of $14.47 and a 1-year high of $33.74. 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 company has a market cap of $13.96 billion, a P/E ratio of 133.60 and a beta of 0.66.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of 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. Federated Hermes Inc. raised its position in Bilibili by 9.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,480,287 shares of the company’s stock worth $31,752,000 after buying an additional 133,828 shares during the last quarter. Man Group plc lifted its stake in 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 acquiring an additional 262,554 shares during the period. Step Capital Management Pte. Ltd. purchased a new stake in shares of Bilibili in the 4th quarter valued at $24,590,000. Finally, Marshall Wace LLP increased its stake in shares of Bilibili by 0.7% in the second quarter. Marshall Wace LLP now owns 740,571 shares of the company’s stock worth $15,885,000 after acquiring an additional 4,902 shares during the period. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

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.