Bilibili (NASDAQ:BILI) Given "Hold (C-)" Rating at Weiss Ratings

Key Points

• Bilibili's stock has received a "Hold (C-)" rating from Weiss Ratings, while other analysts have mixed opinions with some issuing "Buy" ratings.
• The stock's current market capitalization is $12.31 billion, with a recent trading price of $29.46, reflecting a 52-week range from $14.47 to $30.92.
• About 16.08% of Bilibili's stock is owned by hedge funds and institutional investors, indicating some institutional interest in the company.

Bilibili (NASDAQ:BILI - Get Free Report)'s stock had its "hold (c-)" rating restated by research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

BILI has been the topic of a number of other reports. HSBC reiterated a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. Jefferies Financial Group set a $28.00 price objective on Bilibili in a research report on Thursday, August 21st. Benchmark lowered their price objective on Bilibili from $30.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. JPMorgan Chase & Co. downgraded Bilibili from an "overweight" rating to a "neutral" rating and upped their target price for the company from $21.00 to $24.00 in a report on Monday, July 28th. Finally, Wall Street Zen upgraded Bilibili from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.39.

Bilibili Stock Performance

Shares of NASDAQ BILI traded up $0.51 during mid-day trading on Friday, reaching $29.46. 1,879,056 shares of the company's stock were exchanged, compared to its average volume of 4,572,517. The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 420.86 and a beta of 0.93. Bilibili has a 52 week low of $14.47 and a 52 week high of $30.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a 50-day moving average price of $25.94 and a two-hundred day moving average price of $22.01.

Institutional Investors Weigh In On Bilibili

Several institutional investors have recently modified their holdings of the business. Signaturefd LLC boosted its position in shares of Bilibili by 5.6% during the third quarter. Signaturefd LLC now owns 9,538 shares of the company's stock valued at $268,000 after buying an additional 503 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Bilibili by 7.7% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company's stock valued at $214,000 after buying an additional 709 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Bilibili by 0.7% during the second quarter. Geode Capital Management LLC now owns 103,666 shares of the company's stock valued at $2,224,000 after buying an additional 713 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Bilibili by 16.6% during the first quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company's stock valued at $101,000 after buying an additional 751 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Bilibili by 1.2% during the first quarter. Royal Bank of Canada now owns 87,505 shares of the company's stock valued at $1,672,000 after buying an additional 1,014 shares during the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

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.

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