Bilibili (NASDAQ:BILI) Now Covered by Analysts at Sanford C. Bernstein

Analysts at Sanford C. Bernstein assumed coverage on shares of Bilibili (NASDAQ:BILI - Get Free Report) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The firm set an "outperform" rating and a $28.00 price target on the stock. Sanford C. Bernstein's price target suggests a potential upside of 30.54% from the company's previous close.

Several other research firms have also weighed in on BILI. HSBC raised shares of Bilibili from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $21.50 to $22.50 in a research note on Wednesday, May 21st. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $23.29.

Bilibili Trading Down 1.8%

Bilibili stock traded down $0.39 during midday trading on Tuesday, hitting $21.45. 3,010,422 shares of the stock were exchanged, compared to its average volume of 5,971,479. The company has a fifty day simple moving average of $19.64 and a two-hundred day simple moving average of $18.91. Bilibili has a 52 week low of $12.72 and a 52 week high of $31.77. The stock has a market capitalization of $8.97 billion, a PE ratio of -107.24 and a beta of 0.91. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. SVB Wealth LLC acquired a new stake in shares of Bilibili in the first quarter valued at approximately $31,000. Federated Hermes Inc. acquired a new stake in shares of Bilibili in the fourth quarter valued at approximately $55,000. FNY Investment Advisers LLC acquired a new stake in shares of Bilibili in the first quarter valued at approximately $57,000. Brooklyn Investment Group raised its holdings in shares of Bilibili by 10,989.7% in the first quarter. Brooklyn Investment Group now owns 3,216 shares of the company's stock valued at $61,000 after purchasing an additional 3,187 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of Bilibili in the first quarter valued at approximately $80,000. Institutional investors own 16.08% of the company's stock.

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.