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

Equities researchers at Sanford C. Bernstein assumed coverage on shares of Bilibili (NASDAQ:BILI - Get Free Report) in a research note issued to investors on Tuesday, MarketBeat reports. The firm set an "outperform" rating and a $28.00 price target on the stock. Sanford C. Bernstein's price objective would suggest a potential upside of 28.21% from the company's previous close.

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

Bilibili Price Performance

Shares of NASDAQ:BILI traded up $0.07 during trading on Tuesday, hitting $21.84. 1,571,741 shares of the stock were exchanged, compared to its average volume of 5,976,256. Bilibili has a 12-month low of $12.72 and a 12-month high of $31.77. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $19.49 and a two-hundred day moving average price of $18.88. The company has a market cap of $9.13 billion, a PE ratio of -109.19 and a beta of 0.91.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its stake in Bilibili by 43.6% during the 1st quarter. Acadian Asset Management LLC now owns 60,525 shares of the company's stock valued at $1,156,000 after purchasing an additional 18,368 shares during the period. Bayforest Capital Ltd lifted its position in Bilibili by 314.2% during the 1st 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 last quarter. Scientech Research LLC acquired a new position in shares of Bilibili during the first quarter valued at about $778,000. Edmond DE Rothschild Holding S.A. raised its position in shares of 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 buying an additional 7,300 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in Bilibili in the first quarter worth about $80,000. 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.