Bilibili (NASDAQ:BILI) Coverage Initiated by Analysts at Sanford C. Bernstein

Stock analysts at Sanford C. Bernstein started coverage on shares of Bilibili (NASDAQ:BILI - Get Free Report) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set an "outperform" rating and a $28.00 price target on the stock. Sanford C. Bernstein's price objective indicates a potential upside of 28.62% from the company's previous close.

A number of other research firms have also issued reports on BILI. Wall Street Zen upgraded Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, HSBC upgraded Bilibili from a "hold" rating to a "buy" rating and increased their price objective for the stock from $21.50 to $22.50 in a report on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $23.29.

Bilibili Stock Performance

BILI stock traded down $0.80 during midday trading on Tuesday, hitting $21.77. The company's stock had a trading volume of 2,626,508 shares, compared to its average volume of 5,993,874. The stock's 50-day moving average price is $19.49 and its 200 day moving average price is $18.88. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.23. Bilibili has a 1 year low of $12.72 and a 1 year high of $31.77. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of -108.84 and a beta of 0.91.

Hedge Funds Weigh In On Bilibili

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BILI. Rakuten Securities Inc. raised its position in Bilibili by 145.8% in the fourth quarter. Rakuten Securities Inc. now owns 9,124 shares of the company's stock valued at $165,000 after purchasing an additional 5,412 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Bilibili by 16.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company's stock worth $27,240,000 after purchasing an additional 209,963 shares during the period. Natixis Advisors LLC increased its holdings in Bilibili by 206.8% during the 4th 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 period. Quantbot Technologies LP increased its holdings in Bilibili by 15.9% during the 4th 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 period. Finally, Fox Run Management L.L.C. purchased a new stake in Bilibili during the 4th quarter worth about $728,000. Institutional investors and hedge funds 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.