Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives $23.29 Consensus PT from Analysts

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) have received a consensus recommendation of "Buy" from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $23.79.

A number of research analysts have recently commented on BILI shares. HSBC restated a "buy" rating on shares of Bilibili in a research report on Tuesday. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Sanford C. Bernstein began coverage on shares of Bilibili in a research note on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price objective for the company. Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Bank of America upped their price objective on shares of Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday.

Bilibili Stock Performance

Bilibili stock traded up $0.35 during mid-day trading on Wednesday, reaching $24.61. The company's stock had a trading volume of 1,739,156 shares, compared to its average volume of 5,930,303. Bilibili has a 12-month low of $12.72 and a 12-month high of $31.77. The company has a market capitalization of $10.28 billion, a P/E ratio of -123.02 and a beta of 0.91. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.36 and a current ratio of 1.36. The firm's fifty day moving average price is $19.97 and its two-hundred day moving average price is $19.00.

Institutional Investors Weigh In On Bilibili

Large investors have recently added to or reduced their stakes in the stock. Ballentine Partners LLC bought a new stake in shares of Bilibili in the 2nd quarter valued at about $214,000. Acadian Asset Management LLC increased its stake in shares of Bilibili by 43.6% in the first 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 period. Bayforest Capital Ltd increased its stake in shares of Bilibili by 314.2% in the first quarter. Bayforest Capital Ltd now owns 50,610 shares of the company's stock worth $967,000 after acquiring an additional 38,392 shares during the period. Scientech Research LLC purchased a new stake in Bilibili during the first quarter worth $778,000. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in Bilibili by 3.7% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 202,464 shares of the company's stock valued at $3,869,000 after purchasing an additional 7,300 shares in the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

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.