Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives $29.61 Average PT from Brokerages

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

BILI has been the topic of several recent analyst reports. 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. Barclays increased their price objective on Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Macquarie started coverage on Bilibili in a research report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price objective on the stock. JPMorgan Chase & Co. upped their target price on Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Finally, Citigroup lifted their price target on shares of Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, November 14th.

Bilibili Trading Down 4.2%

NASDAQ:BILI opened at $31.84 on Friday. The firm has a market capitalization of $13.31 billion, a P/E ratio of 127.36 and a beta of 0.73. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $28.17 and a 200 day moving average of $26.69. Bilibili has a 52 week low of $14.47 and a 52 week high of $36.40.

Institutional Trading of Bilibili

Large investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of Bilibili by 1.2% in the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock worth $1,672,000 after acquiring an additional 1,014 shares in the last quarter. Greenleaf Trust purchased a new stake in Bilibili in the second quarter worth $213,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Bilibili by 7.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock worth $214,000 after purchasing an additional 709 shares during the period. LGT Fund Management Co Ltd. raised its holdings in Bilibili by 10.4% in the second quarter. LGT Fund Management Co Ltd. now owns 185,700 shares of the company’s stock worth $3,983,000 after purchasing an additional 17,550 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Bilibili by 50.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,195 shares of the company’s stock valued at $648,000 after buying an additional 10,126 shares during the period. 16.08% of the stock is owned by 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.