Benchmark Lowers Bilibili (NASDAQ:BILI) Price Target to $28.00

Key Points

• Benchmark has cut its target price for Bilibili (NASDAQ:BILI) from $30.00 to $28.00, while maintaining a "buy" rating, suggesting an upside potential of 17.85% from the current stock price.
• Other analysts, such as HSBC and Bank of America, have also issued "buy" ratings, with Bank of America raising its target price for Bilibili to $27.00.
• Bilibili's stock has fluctuated between a 52-week low of $12.72 and a high of $31.77, currently trading around $23.76.

Bilibili (NASDAQ:BILI - Get Free Report) had its target price lowered by research analysts at Benchmark from $30.00 to $28.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Benchmark's price objective suggests a potential upside of 25.08% from the company's current price.

BILI has been the topic of a number of other reports. Bank of America raised their price target on shares of Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Wall Street Zen downgraded shares of Bilibili from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Hsbc Global Res upgraded shares of Bilibili to a "strong-buy" rating in a research report on Wednesday, May 21st. Sanford C. Bernstein started coverage on shares of Bilibili in a research note on Tuesday, July 8th. They set an "outperform" rating and a $28.00 target price on the stock. Finally, JPMorgan Chase & Co. cut shares of Bilibili from an "overweight" rating to a "neutral" rating and raised their target price for the company from $21.00 to $24.00 in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.91.

Bilibili Stock Down 1.6%

BILI stock traded down $0.36 during mid-day trading on Friday, hitting $22.39. 1,541,547 shares of the company were exchanged, compared to its average volume of 4,887,099. The company has a market capitalization of $9.36 billion, a PE ratio of 319.80 and a beta of 0.94. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. Bilibili has a twelve month low of $13.60 and a twelve month high of $31.77. The firm has a fifty day simple moving average of $22.74 and a 200 day simple moving average of $20.33.

Institutional Investors Weigh In On Bilibili

A number of institutional investors and hedge funds have recently made changes to their positions in BILI. SVB Wealth LLC bought a new stake in shares of Bilibili during the first quarter worth $31,000. FNY Investment Advisers LLC acquired a new stake in shares of Bilibili during the first quarter worth $57,000. Brooklyn Investment Group lifted its holdings in Bilibili by 10,989.7% during the first quarter. Brooklyn Investment Group now owns 3,216 shares of the company's stock worth $61,000 after acquiring an additional 3,187 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Bilibili in the 1st quarter valued at about $80,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Bilibili by 16.6% in the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company's stock valued at $101,000 after acquiring an additional 751 shares in the last quarter. Institutional investors own 16.08% of the company's stock.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.