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

Bilibili logo with Consumer Discretionary background

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.

Read Our Latest Analysis on Bilibili

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

(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.

Further Reading

Analyst Recommendations for Bilibili (NASDAQ:BILI)

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