Brokerages Set Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Price Target at $23.29

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) have been assigned a consensus recommendation of "Buy" from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Two investment 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 1 year target price among analysts that have covered the stock in the last year is $23.79.

Several research firms recently weighed in on BILI. Hsbc Global Res raised Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Bank of America boosted their price objective on Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday. Sanford C. Bernstein began coverage on Bilibili in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 price objective on the stock. HSBC reissued a "buy" rating on shares of Bilibili in a research note on Tuesday. Finally, Wall Street Zen downgraded Bilibili from a "buy" rating to a "hold" rating in a research note on Friday.

Bilibili Stock Performance

Shares of NASDAQ BILI traded up $0.61 during trading hours on Wednesday, reaching $25.20. 3,490,476 shares of the stock were exchanged, compared to its average volume of 5,939,837. The firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of -125.99 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. Bilibili has a 52 week low of $12.72 and a 52 week high of $31.77. The stock's fifty day simple moving average is $20.25 and its 200 day simple moving average is $19.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BILI. Natixis Advisors LLC lifted its stake in Bilibili by 206.8% in the fourth quarter. Natixis Advisors LLC now owns 35,721 shares of the company's stock worth $647,000 after purchasing an additional 24,079 shares during the last quarter. Quantbot Technologies LP lifted its stake in Bilibili by 15.9% in the fourth quarter. Quantbot Technologies LP now owns 45,655 shares of the company's stock worth $827,000 after purchasing an additional 6,255 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Bilibili in the fourth quarter worth about $728,000. LPL Financial LLC lifted its stake in Bilibili by 40.6% in the fourth quarter. LPL Financial LLC now owns 18,638 shares of the company's stock worth $338,000 after purchasing an additional 5,386 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Bilibili by 3,328.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company's stock worth $11,020,000 after purchasing an additional 590,763 shares during the last quarter. 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.