Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Given Average Recommendation of "Buy" by Analysts

Key Points

• Bilibili Inc. has received an average recommendation of "Buy" from 11 analysts, with a price target of $25.81.
• Recent stock reports show varied adjustments in price targets, with Benchmark lowering its price target to $28.00 while HSBC and Wall Street Zen maintained or upgraded their ratings.
• Institutional investors now own 16.08% of Bilibili's stock, reflecting increasing interest, including significant purchases by SVB Wealth LLC and Brooklyn Investment Group.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) has been given an average recommendation of "Buy" by the eleven analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $25.8125.

Several analysts have recently issued reports on the stock. Benchmark lowered their price target on shares of Bilibili from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Jefferies Financial Group set a $28.00 target price on shares of Bilibili in a research note on Thursday, August 21st. HSBC reiterated a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. Wall Street Zen upgraded shares of Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Finally, Sanford C. Bernstein began coverage on shares of Bilibili in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 target price on the stock.

Bilibili Stock Down 4.6%

BILI opened at $26.09 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 372.71 and a beta of 0.94. Bilibili has a twelve month low of $14.47 and a twelve month high of $31.77. The company's 50-day moving average price is $24.17 and its two-hundred day moving average price is $20.94.

Hedge Funds Weigh In On Bilibili

Institutional investors have recently made changes to their positions in the stock. SVB Wealth LLC bought a new position in shares of Bilibili in the 1st quarter worth $31,000. FNY Investment Advisers LLC bought a new position in shares of Bilibili in the 1st quarter worth $57,000. Brooklyn Investment Group increased its holdings in shares of Bilibili by 10,989.7% in the 1st quarter. Brooklyn Investment Group now owns 3,216 shares of the company's stock worth $61,000 after buying an additional 3,187 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Bilibili in the 1st quarter worth $80,000. Finally, Advisors Asset Management Inc. increased 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 worth $101,000 after buying an additional 751 shares during 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.

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