Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Bilibili received a “Moderate Buy” consensus rating from nine analysts, with eight buy recommendations and one sell rating. The average 12-month price target is $30.78, well above the reported $17.31 share price.
• Several institutional investors increased their Bilibili holdings in the first quarter, including Renaissance Technologies, Lazard Asset Management and EverSource Wealth Advisors. Institutional investors collectively own 16.08% of the company.
• Bilibili’s shares have traded between $15.79 and $36.40 over the past year, with a market capitalization of approximately $7.18 billion and a P/E ratio of 38.47.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) has been given an average rating of "Moderate Buy" by the nine analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $30.7778.

Several research firms have weighed in on BILI. Macquarie Infrastructure restated an "outperform" rating and set a $30.00 target price on shares of Bilibili in a report on Tuesday, May 19th. Benchmark reissued a "buy" rating on shares of Bilibili in a report on Wednesday, May 20th. Wall Street Zen lowered Bilibili from a "buy" rating to a "hold" rating in a report on Sunday, April 26th. Finally, Weiss Ratings downgraded Bilibili from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, June 8th.

Institutional Trading of Bilibili

Several large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in Bilibili by 76.6% during the first quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company's stock valued at $37,000 after acquiring an additional 706 shares during the period. Lazard Asset Management LLC increased its position in Bilibili by 120.9% in the 1st quarter. Lazard Asset Management LLC now owns 49,758 shares of the company's stock worth $1,123,000 after buying an additional 27,231 shares during the period. Renaissance Technologies LLC raised its stake in Bilibili by 121.1% during the 1st quarter. Renaissance Technologies LLC now owns 507,335 shares of the company's stock valued at $11,445,000 after purchasing an additional 277,900 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Bilibili by 20.0% in the first quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company's stock valued at $272,000 after buying an additional 2,010 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Bilibili by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 170,834 shares of the company's stock worth $3,854,000 after purchasing an additional 11,413 shares in the last quarter. 16.08% of the stock is owned by institutional investors.

Bilibili Stock Up 1.9%

Bilibili stock opened at $17.31 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. Bilibili has a 1-year low of $15.79 and a 1-year high of $36.40. The firm's fifty day simple moving average is $17.72 and its 200-day simple moving average is $21.89. The company has a market capitalization of $7.18 billion, a P/E ratio of 38.47 and a beta of 0.72.

About Bilibili

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.

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