Analysts Set Bilibili Inc. (NASDAQ:BILI) PT at $21.24

Shares of Bilibili Inc. (NASDAQ:BILI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $21.24.

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Benchmark increased their price target on shares of Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 21st. HSBC raised shares of Bilibili from a "hold" rating to a "buy" rating and increased their price target for the stock from $21.50 to $22.50 in a report on Wednesday, May 21st. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Barclays increased their target price on shares of Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, February 21st.

Bilibili Price Performance

Shares of NASDAQ:BILI traded down $0.05 during trading on Tuesday, reaching $19.07. The company had a trading volume of 3,441,774 shares, compared to its average volume of 6,357,940. The company has a fifty day moving average of $17.74 and a two-hundred day moving average of $18.74. The stock has a market capitalization of $7.94 billion, a P/E ratio of -42.38 and a beta of 0.93. Bilibili has a 12 month low of $12.72 and a 12 month high of $31.77. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently added to or reduced their stakes in the company. Matthews International Capital Management LLC boosted its position in Bilibili by 11.3% during the 4th quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company's stock valued at $6,364,000 after buying an additional 35,692 shares during the period. Barclays PLC boosted its position in Bilibili by 13.5% during the 3rd quarter. Barclays PLC now owns 127,563 shares of the company's stock valued at $2,982,000 after buying an additional 15,136 shares during the period. Federated Hermes Inc. purchased a new stake in Bilibili during the 4th quarter valued at $55,000. Vontobel Holding Ltd. purchased a new stake in Bilibili during the 4th quarter valued at $340,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Bilibili during the 4th quarter valued at $200,000. Hedge funds and other institutional investors own 16.08% of the company's stock.

About Bilibili

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.