Bilibili (NASDAQ:BILI) Upgraded to Buy at Wall Street Zen

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

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

Bilibili Price Performance

Shares of NASDAQ BILI traded up $0.50 during midday trading on Friday, reaching $19.43. The company's stock had a trading volume of 5,661,959 shares, compared to its average volume of 6,378,158. Bilibili has a one year low of $12.72 and a one year high of $31.77. The company has a 50 day moving average price of $17.77 and a 200 day moving average price of $18.73. 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 market cap of $8.09 billion, a price-to-earnings ratio of -43.18 and a beta of 0.93.

Institutional Trading of Bilibili

Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its position in shares of Bilibili by 43.6% in the first quarter. Acadian Asset Management LLC now owns 60,525 shares of the company's stock worth $1,156,000 after purchasing an additional 18,368 shares during the period. Bayforest Capital Ltd raised its holdings in Bilibili by 314.2% during the 1st quarter. Bayforest Capital Ltd now owns 50,610 shares of the company's stock valued at $967,000 after buying an additional 38,392 shares during the period. Scientech Research LLC bought a new position in Bilibili in the 1st quarter valued at $778,000. Edmond DE Rothschild Holding S.A. grew its position in Bilibili by 3.7% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 202,464 shares of the company's stock valued at $3,869,000 after acquiring an additional 7,300 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in shares of Bilibili during the 1st quarter worth $80,000. 16.08% of the stock is currently owned by 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.