Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $30.5033.

A number of analysts have commented on BILI shares. Citigroup upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Friday. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and upped their target price for the company from $27.00 to $35.00 in a report on Tuesday, March 17th. Wall Street Zen downgraded shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its position in Bilibili by 187.2% during the 4th quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock worth $94,594,000 after buying an additional 2,507,321 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Bilibili by 16.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock valued at $54,211,000 after acquiring an additional 278,760 shares during the period. Federated Hermes Inc. boosted its position in shares of Bilibili by 9.9% in the second quarter. Federated Hermes Inc. now owns 1,480,287 shares of the company’s stock valued at $31,752,000 after acquiring an additional 133,828 shares during the period. Man Group plc grew its stake in shares of Bilibili by 21.9% in the second 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 in the last quarter. Finally, SIH Partners LLLP increased its position in Bilibili by 327.1% during the fourth quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock worth $25,126,000 after acquiring an additional 782,540 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Price Performance

NASDAQ:BILI opened at $22.33 on Monday. The stock has a market capitalization of $9.33 billion, a PE ratio of 58.76 and a beta of 0.75. Bilibili has a 1-year low of $14.47 and a 1-year high of $36.40. The firm has a fifty day simple moving average of $28.98 and a 200 day simple moving average of $27.81. The company has a current ratio of 1.36, a quick ratio of 1.64 and a debt-to-equity ratio of 0.31.

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.