Bilibili (NASDAQ:BILI) Sets New 1-Year High - Here's What Happened

Key Points

• Bilibili's shares reached a new 52-week high of $30.23 during trading, showing a significant increase from a previous close of $28.52.
• Several brokerages have updated their ratings for Bilibili, with the consensus rating categorized as a "Moderate Buy" and a target price of $25.81.
• Institutional investors hold approximately 16.08% of Bilibili's stocks, with notable increases in holdings by several hedge funds recently.

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $30.19 and last traded at $30.23, with a volume of 298772 shares traded. The stock had previously closed at $28.52.

Analyst Ratings Changes

Several brokerages recently commented on BILI. Sanford C. Bernstein assumed coverage on Bilibili in a report on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 price objective for the company. Wall Street Zen upgraded Bilibili from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Jefferies Financial Group set a $28.00 price target on shares of Bilibili in a research report on Thursday, August 21st. Barclays boosted their price objective on Bilibili from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Bilibili in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Bilibili has an average rating of "Moderate Buy" and a consensus price target of $25.81.

Bilibili Price Performance

The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $12.27 billion, a PE ratio of 419.29 and a beta of 0.93. The stock's 50-day moving average is $24.90 and its two-hundred day moving average is $21.33.

Institutional Trading of Bilibili

A number of hedge funds have recently bought and sold shares of BILI. Mirae Asset Global Investments Co. Ltd. raised its position in Bilibili by 7.7% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company's stock worth $214,000 after buying an additional 709 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Bilibili by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 103,666 shares of the company's stock valued at $2,224,000 after purchasing an additional 713 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Bilibili by 16.6% during the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company's stock worth $101,000 after purchasing an additional 751 shares during the last quarter. Royal Bank of Canada raised its stake in shares of 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 acquiring an additional 1,014 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Bilibili by 25.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company's stock worth $114,000 after acquiring an additional 1,081 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company's stock.

About Bilibili

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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