Bilibili (NASDAQ:BILI) Upgraded at Wall Street Zen

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

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

Bilibili Price Performance

Shares of NASDAQ:BILI traded down $0.33 during trading on Friday, hitting $19.11. 1,887,776 shares of the stock were exchanged, compared to its average volume of 6,360,460. The company has a market cap of $7.96 billion, a PE ratio of -42.44 and a beta of 0.93. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $17.76 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.

Institutional Trading of Bilibili

Several hedge funds and other institutional investors have recently bought and sold shares of BILI. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Bilibili by 8.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock worth $178,000 after purchasing an additional 722 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in Bilibili by 3.3% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company's stock worth $419,000 after buying an additional 749 shares during the period. Advisors Asset Management Inc. boosted its stake in Bilibili by 16.6% in the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company's stock worth $101,000 after buying an additional 751 shares during the last quarter. Royal Bank of Canada grew its holdings in Bilibili by 1.2% in the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company's stock valued at $1,672,000 after buying an additional 1,014 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Bilibili by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 110,560 shares of the company's stock valued at $2,002,000 after acquiring an additional 1,140 shares during the last quarter. 16.08% of the stock is owned by hedge funds and other 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.