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

Key Points

• Bilibili Inc. has received a consensus rating of "Moderate Buy" from thirteen research firms, with the average 12-month target price set at $24.91.
• Institutional investors have increased their holdings in Bilibili, with Vontobel Holdings boosting their position by 87.9% in the first quarter alone.
• As of Thursday, Bilibili shares opened at $22.28 and have a market capitalization of $9.31 billion, demonstrating volatility with a 12-month low of $14.36 and a high of $31.77.

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirteen research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $24.91.

BILI has been the subject of a number of research reports. HSBC restated a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. Benchmark lowered their target price on Bilibili from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Sanford C. Bernstein initiated coverage on Bilibili in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 target price for the company. Bank of America raised their target price on Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Wall Street Zen upgraded Bilibili from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd.

Institutional Trading of Bilibili

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. increased its position in Bilibili by 87.9% in the first quarter. Vontobel Holding Ltd. now owns 35,239 shares of the company's stock worth $673,000 after purchasing an additional 16,482 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Bilibili by 8.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock worth $178,000 after buying an additional 722 shares during the last quarter. Northern Trust Corp boosted its holdings in Bilibili by 164.2% during the fourth quarter. Northern Trust Corp now owns 235,099 shares of the company's stock worth $4,258,000 after buying an additional 146,111 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Bilibili during the fourth quarter worth about $200,000. Finally, FNY Investment Advisers LLC bought a new position in Bilibili during the first quarter worth about $57,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Stock Performance

Shares of NASDAQ:BILI opened at $22.28 on Thursday. Bilibili has a twelve month low of $14.36 and a twelve month high of $31.77. The firm has a market cap of $9.31 billion, a PE ratio of 318.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 1.60. The business has a fifty day moving average of $23.03 and a 200-day moving average of $20.46.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.