Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives $23.81 Consensus PT from 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.

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) have received an average recommendation of "Moderate Buy" from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $23.81.

Several research firms have recently weighed in on BILI. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Bank of America upped their target price on shares of Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. lowered shares of Bilibili from an "overweight" rating to a "neutral" rating and upped their target price for the stock from $21.00 to $24.00 in a report on Monday, July 28th. Wall Street Zen lowered shares of Bilibili from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, HSBC reaffirmed a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th.

Bilibili Stock Performance

BILI stock traded down $0.65 during trading on Friday, reaching $23.73. The company had a trading volume of 1,118,610 shares, compared to its average volume of 4,947,398. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36. Bilibili has a twelve month low of $12.72 and a twelve month high of $31.77. The firm has a 50-day simple moving average of $21.97 and a 200-day simple moving average of $19.88. The company has a market cap of $9.92 billion, a price-to-earnings ratio of -118.62 and a beta of 0.94.

Institutional Trading of Bilibili

Institutional investors have recently modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of Bilibili during the 1st quarter worth about $31,000. Federated Hermes Inc. acquired a new position in Bilibili during the 4th quarter worth approximately $55,000. FNY Investment Advisers LLC acquired a new position in Bilibili during the 1st quarter worth approximately $57,000. Brooklyn Investment Group lifted its position in Bilibili by 10,989.7% during the 1st 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. Finally, Banque Transatlantique SA acquired a new position in Bilibili during the 1st quarter worth approximately $80,000. 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.