Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Bilibili Inc. has received an average recommendation of "Moderate Buy" from thirteen analysts, with three holding, eight buying, and two strongly buying the stock.
• Investment firms have recently adjusted their price targets for Bilibili, with Benchmark lowering it to $28.00 and Barclays raising it to $28.00, indicating a positive outlook from analysts.
• This quarter, institutional investors have significantly increased their stakes in Bilibili, highlighted by Vontobel Holding Ltd. raising its holdings by 87.9%.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $27.3922.

A number of research analysts have recently commented on BILI shares. 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. Barclays raised their price objective on Bilibili from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Weiss Ratings reissued a "hold (c-)" rating on shares of Bilibili in a research report on Wednesday, October 8th. Jefferies Financial Group set a $28.00 price target on shares of Bilibili in a research report on Thursday, August 21st. Finally, HSBC reissued a "buy" rating on shares of Bilibili in a research report on Tuesday, July 15th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. raised its holdings 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 buying an additional 16,482 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Bilibili by 8.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock worth $178,000 after acquiring an additional 722 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Bilibili by 48.8% in the 1st quarter. Hsbc Holdings PLC now owns 27,855 shares of the company's stock worth $531,000 after acquiring an additional 9,134 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Bilibili by 43.6% in the 1st quarter. Acadian Asset Management LLC now owns 60,525 shares of the company's stock worth $1,156,000 after acquiring an additional 18,368 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Bilibili in the 1st quarter worth approximately $26,725,000. Hedge funds and other institutional investors own 16.08% of the company's stock.

Bilibili Stock Performance

Shares of BILI opened at $28.95 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60. Bilibili has a one year low of $14.47 and a one year high of $30.92. The company has a 50-day simple moving average of $25.94 and a two-hundred day simple moving average of $22.01. The firm has a market capitalization of $12.10 billion, a PE ratio of 413.57 and a beta of 0.93.

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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