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

Key Points

• Bilibili Inc. (NASDAQ:BILI) has received a consensus rating of "Moderate Buy" from analysts, with nine buy ratings, three hold ratings, and two strong buy ratings among the fourteen ratings firms covering the company.
• The average 12-month price objective for Bilibili's stock is $23.81, indicating potential growth from its current trading position.
• Several hedge funds have increased their stakes in Bilibili, with Federated Hermes Inc. showing a notable increase of 44,249.8% in their holdings, indicating growing institutional interest.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $23.81.

A number of research firms recently weighed in on BILI. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. lowered shares of Bilibili from an "overweight" rating to a "neutral" rating and raised their price target for the company from $21.00 to $24.00 in a research report on Monday, July 28th. Sanford C. Bernstein started coverage on shares of Bilibili in a research report on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price target on the stock. Wall Street Zen downgraded shares of Bilibili from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, HSBC restated a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th.

Bilibili Stock Down 1.0%

BILI opened at $22.75 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36. The company's 50-day moving average is $21.66 and its 200 day moving average is $19.76. Bilibili has a fifty-two week low of $12.72 and a fifty-two week high of $31.77. The firm has a market capitalization of $9.51 billion, a P/E ratio of -113.74 and a beta of 0.94.

Hedge Funds Weigh In On Bilibili

Several large investors have recently modified their holdings of BILI. Russell Investments Group Ltd. purchased a new position in shares of Bilibili in the first quarter worth about $26,725,000. Federated Hermes Inc. increased its stake in shares of Bilibili by 44,249.8% in the first quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company's stock worth $25,731,000 after purchasing an additional 1,343,423 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Bilibili in the fourth quarter worth about $11,584,000. XY Capital Ltd purchased a new position in shares of Bilibili in the first quarter worth about $11,409,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Bilibili in the fourth quarter worth about $4,186,000. Hedge funds and other 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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