Bilibili (NASDAQ:BILI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.
A number of other brokerages have also recently issued reports on BILI. Barclays increased their price objective on Bilibili from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Benchmark dropped their price objective on Bilibili from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Sanford C. Bernstein started coverage on Bilibili in a report on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price objective on the stock. HSBC reissued a "buy" rating on shares of Bilibili in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. cut Bilibili from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $21.00 to $24.00 in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.91.
Read Our Latest Report on BILI
Bilibili Stock Performance
Shares of NASDAQ BILI traded down $0.01 during trading on Friday, reaching $22.44. 721,246 shares of the stock traded hands, compared to its average volume of 4,867,531. The company has a 50-day moving average of $22.78 and a 200-day moving average of $20.34. The stock has a market capitalization of $9.38 billion, a P/E ratio of 320.51 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60. Bilibili has a 52-week low of $14.08 and a 52-week high of $31.77.
Hedge Funds Weigh In On Bilibili
Several institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in shares of Bilibili by 11.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,651,137 shares of the company's stock valued at $35,417,000 after purchasing an additional 167,376 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Bilibili by 2.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,547,057 shares of the company's stock valued at $29,564,000 after purchasing an additional 42,914 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Bilibili by 9.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,480,287 shares of the company's stock valued at $31,752,000 after purchasing an additional 133,828 shares during the last quarter. Man Group plc increased its position in shares of Bilibili by 21.9% during the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company's stock valued at $31,320,000 after purchasing an additional 262,554 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Bilibili during the 1st quarter valued at about $26,725,000. 16.08% of the stock is currently owned by institutional investors.
About Bilibili
(
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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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