Wall Street Zen Upgrades Bilibili (NASDAQ:BILI) to "Buy"

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

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

Bilibili Stock Performance

Shares of BILI stock traded down $0.05 during trading hours on Friday, reaching $19.07. 3,441,826 shares of the company's stock were exchanged, compared to its average volume of 6,364,826. Bilibili has a fifty-two week low of $12.72 and a fifty-two week high of $31.77. The stock has a market capitalization of $7.94 billion, a P/E ratio of -42.38 and a beta of 0.93. The business has a fifty day moving average price of $17.73 and a 200-day moving average price of $18.71. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23.

Institutional Trading of Bilibili

Large investors have recently bought and sold shares of the stock. 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 valued at $27,000 after acquiring an additional 1,436 shares during the period. SVB Wealth LLC bought a new stake in Bilibili in the first quarter valued at $31,000. FNY Investment Advisers LLC bought a new stake in Bilibili in the first quarter valued at $57,000. Federated Hermes Inc. bought a new stake in Bilibili in the fourth quarter valued at $55,000. Finally, Blue Trust Inc. grew its position 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 acquiring an additional 1,896 shares during the period. 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.