Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $20.88, but opened at $22.14. Bilibili shares last traded at $22.34, with a volume of 971,741 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Sanford C. Bernstein started coverage on shares of Bilibili in a report on Tuesday. They set an "outperform" rating and a $28.00 price target for the company. Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, HSBC upgraded shares of Bilibili from a "hold" rating to a "buy" rating and boosted their target price for the company from $21.50 to $22.50 in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Bilibili currently has a consensus rating of "Buy" and a consensus price target of $23.29.
Check Out Our Latest Stock Report on BILI
Bilibili Stock Performance
The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of -112.84 and a beta of 0.91. The stock has a 50-day simple moving average of $19.40 and a 200-day simple moving average of $18.86. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23.
Institutional Trading of Bilibili
Institutional investors and hedge funds have recently modified their holdings of the business. SVB Wealth LLC acquired a new stake in shares of Bilibili in the first quarter valued at approximately $31,000. FNY Investment Advisers LLC purchased a new position in shares of Bilibili in the first quarter worth approximately $57,000. Federated Hermes Inc. purchased a new position in shares of Bilibili during the fourth quarter valued at $55,000. Brooklyn Investment Group boosted its holdings in Bilibili by 10,989.7% in the first quarter. Brooklyn Investment Group now owns 3,216 shares of the company's stock worth $61,000 after purchasing an additional 3,187 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new position in shares of Bilibili in the first quarter valued at $80,000. 16.08% of the stock is owned by institutional investors and hedge funds.
About Bilibili
(
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.
Featured Stories
Before you consider Bilibili, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bilibili wasn't on the list.
While Bilibili currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.