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Bilibili (NASDAQ:BILI) Upgraded at Wall Street Zen

Bilibili logo with Consumer Discretionary background

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

A number of other equities research analysts also recently commented on BILI. Benchmark boosted their target price on Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Hsbc Global Res raised Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Nomura Securities cut Bilibili from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. HSBC upgraded Bilibili from a "hold" rating to a "buy" rating and increased their price objective for the company from $21.50 to $22.50 in a report on Wednesday, May 21st. Finally, Barclays raised their target price on Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.24.

View Our Latest Analysis on BILI

Bilibili Price Performance

Shares of Bilibili stock traded down $0.08 during trading hours on Friday, hitting $19.04. The company's stock had a trading volume of 444,424 shares, compared to its average volume of 6,346,591. The business has a 50 day moving average price of $17.74 and a two-hundred day moving average price of $18.74. Bilibili has a 12-month low of $12.72 and a 12-month high of $31.77. The company has a market cap of $7.93 billion, a PE ratio of -42.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34.

Institutional Investors Weigh In On Bilibili

A number of large investors have recently made changes to their positions in BILI. Avior Wealth Management LLC grew its position in Bilibili by 1,817.7% in the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock worth $27,000 after acquiring an additional 1,436 shares during the period. SVB Wealth LLC acquired a new stake in Bilibili in the first quarter valued at $31,000. FNY Investment Advisers LLC acquired a new stake in Bilibili in the first quarter valued at $57,000. Federated Hermes Inc. acquired a new stake in Bilibili in the fourth quarter valued at $55,000. Finally, Blue Trust Inc. raised its stake in Bilibili by 147.8% in the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company's stock valued at $58,000 after buying an additional 1,896 shares in the last quarter. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

About Bilibili

(Get Free Report)

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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