Bilibili (NASDAQ:BILI) Hits New 52-Week High - Time to Buy?

Key Points

• Bilibili Inc. shares reached a new 52-week high, trading at $29.31 during Thursday's session, indicating strong investor interest.
• Analysts have a consensus rating of "Buy" for Bilibili, with a target price of $25.81, though individual ratings vary from "Strong Buy" to "Hold."
• Institutional ownership has grown, with significant stake increases from investors like Brooklyn Investment Group, reflecting growing confidence in the company's performance.

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $29.31 and last traded at $29.21, with a volume of 102779 shares traded. The stock had previously closed at $28.48.

Analysts Set New Price Targets

A number of analysts have commented on the stock. HSBC restated a "buy" rating on shares of Bilibili in a research report on Tuesday, July 15th. Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Sanford C. Bernstein assumed coverage on shares of Bilibili in a research note on Tuesday, July 8th. They set an "outperform" rating and a $28.00 target price for the company. Benchmark cut their target price on shares of Bilibili from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. lowered shares of Bilibili from an "overweight" rating to a "neutral" rating and increased their target price for the company from $21.00 to $24.00 in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $25.81.

Bilibili Price Performance

The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $12.05 billion, a P/E ratio of 411.93 and a beta of 0.93. The company's 50-day simple moving average is $24.35 and its 200 day simple moving average is $21.08.

Institutional Trading of Bilibili

Large investors have recently modified their holdings of the company. SVB Wealth LLC bought a new stake in shares of Bilibili during the 1st quarter worth $31,000. FNY Investment Advisers LLC bought a new stake in Bilibili in the 1st quarter valued at $57,000. Brooklyn Investment Group boosted its holdings in Bilibili by 10,989.7% in the 1st 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 period. Banque Transatlantique SA bought a new stake in Bilibili in the 1st quarter valued at $80,000. Finally, Advisors Asset Management Inc. boosted its holdings in Bilibili by 16.6% in the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company's stock valued at $101,000 after purchasing an additional 751 shares during the period. 16.08% of the stock is owned by 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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