Bilibili (NASDAQ:BILI - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.
A number of other brokerages also recently weighed in on BILI. Bank of America boosted their target price on Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday. Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Sanford C. Bernstein assumed coverage on Bilibili in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 target price on the stock. Finally, HSBC restated a "buy" rating on shares of Bilibili in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.79.
Check Out Our Latest Stock Report on Bilibili
Bilibili Stock Performance
Shares of NASDAQ BILI traded up $0.61 during midday trading on Friday, reaching $25.20. The company's stock had a trading volume of 3,490,476 shares, compared to its average volume of 5,939,837. Bilibili has a 12-month low of $12.72 and a 12-month high of $31.77. The firm has a 50 day moving average price of $20.25 and a 200-day moving average price of $19.09. The stock has a market capitalization of $10.53 billion, a P/E ratio of -125.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36.
Hedge Funds Weigh In On Bilibili
Institutional investors have recently bought and sold shares of the company. SVB Wealth LLC bought a new stake in Bilibili during the 1st quarter valued at $31,000. FNY Investment Advisers LLC bought a new stake in Bilibili during the 1st quarter valued at $57,000. Federated Hermes Inc. bought a new stake in Bilibili during the 4th quarter valued at $55,000. Brooklyn Investment Group raised its holdings in Bilibili by 10,989.7% during the 1st quarter. Brooklyn Investment Group now owns 3,216 shares of the company's stock valued at $61,000 after acquiring an additional 3,187 shares during the period. Finally, Banque Transatlantique SA bought a new stake in Bilibili during the 1st quarter valued at $80,000. Hedge funds and other institutional investors own 16.08% of the company's stock.
About Bilibili
(
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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.
Further Reading
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