Bilibili (NASDAQ:BILI) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Bilibili (BILI) from a "buy" rating to a "hold."
• Several major analysts have recently upgraded the stock (Morgan Stanley to "overweight" with a $31 target; JPMorgan to "overweight" with a $35 target; Citigroup to "buy" with a $27 target), while the Street consensus remains a "Moderate Buy" with a $30.55 average target.
• Shares opened at $22.25 with a market cap of $9.23B and a P/E of 58.6, trading well below the consensus target—implying roughly ~37% upside to $30.55 from the opening price.

Bilibili (NASDAQ:BILI - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Sunday.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley upgraded Bilibili from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $25.00 to $31.00 in a report on Monday, April 13th. Weiss Ratings restated a "hold (c-)" rating on shares of Bilibili in a research report on Monday, April 20th. Citigroup upgraded Bilibili from a "neutral" rating to a "buy" rating and set a $27.00 target price for the company in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. upgraded Bilibili from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $27.00 to $35.00 in a research report on Tuesday, March 17th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.55.

Bilibili Price Performance

Shares of Bilibili stock opened at $22.25 on Friday. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 58.55 and a beta of 0.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a 50 day moving average price of $25.48 and a 200-day moving average price of $27.30. Bilibili has a one year low of $17.02 and a one year high of $36.40.

Institutional Trading of Bilibili

Large investors have recently modified their holdings of the company. BlueCrest Capital Management Ltd purchased a new stake in shares of Bilibili in the third quarter valued at approximately $2,107,000. FNY Investment Advisers LLC purchased a new stake in shares of Bilibili in the third quarter valued at approximately $1,460,000. Step Capital Management Pte. Ltd. bought a new position in Bilibili in the fourth quarter worth approximately $24,590,000. HighTower Advisors LLC bought a new position in Bilibili in the third quarter worth approximately $1,536,000. Finally, Rovida Investment Management Ltd raised its stake in Bilibili by 50.0% in the third quarter. Rovida Investment Management Ltd now owns 150,000 shares of the company's stock worth $4,214,000 after buying an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company's stock.

Bilibili Company Profile

Bilibili NASDAQ: BILI is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.

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