Wall Street Zen Downgrades Bilibili (NASDAQ:BILI) to Hold

Bilibili (NASDAQ:BILI - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.

A number of other equities research analysts have also recently weighed in on BILI. HSBC reaffirmed a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. Bank of America lifted their price objective on Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Hsbc Global Res raised Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Finally, Sanford C. Bernstein began coverage on Bilibili in a report on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 target price for the company. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bilibili currently has an average rating of "Moderate Buy" and an average price target of $23.79.

Bilibili Trading Down 1.3%

Bilibili stock traded down $0.32 during mid-day trading on Friday, hitting $24.64. The company's stock had a trading volume of 1,664,995 shares, compared to its average volume of 5,910,868. The firm has a market capitalization of $10.30 billion, a PE ratio of -123.00 and a beta of 0.91. Bilibili has a 1 year low of $12.72 and a 1 year 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 stock's fifty day moving average is $20.38 and its two-hundred day moving average is $19.17.

Hedge Funds Weigh In On Bilibili

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Bilibili by 2.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,547,057 shares of the company's stock valued at $29,564,000 after buying an additional 42,914 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Bilibili in the first quarter worth approximately $26,725,000. Federated Hermes Inc. grew its position in Bilibili by 44,249.8% during the 1st quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company's stock worth $25,731,000 after purchasing an additional 1,343,423 shares in the last quarter. Trexquant Investment LP grew its position in Bilibili by 9.3% during the 4th quarter. Trexquant Investment LP now owns 754,875 shares of the company's stock worth $13,671,000 after purchasing an additional 63,960 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in Bilibili during the 4th quarter worth approximately $11,584,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

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.