Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $22.32, but opened at $23.49. Bilibili shares last traded at $23.49, with a volume of 1,491,823 shares.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on BILI. HSBC reissued a "buy" rating on shares of Bilibili in a research note on Tuesday. Hsbc Global Res raised Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Wall Street Zen raised Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Bank of America raised their price target on Bilibili from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Sanford C. Bernstein initiated coverage on Bilibili in a research note on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price target for the company. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $23.79.
Get Our Latest Stock Analysis on BILI
Bilibili Stock Performance
The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of -128.37 and a beta of 0.91. The stock has a fifty day moving average price of $20.10 and a 200 day moving average price of $19.04.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of Bilibili during the 1st quarter worth approximately $26,725,000. Federated Hermes Inc. raised its position in Bilibili by 44,249.8% in the 1st quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company's stock valued at $25,731,000 after purchasing an additional 1,343,423 shares during the last quarter. Jump Financial LLC bought a new position in Bilibili in the 4th quarter valued at $11,584,000. XY Capital Ltd bought a new position in Bilibili in the 1st quarter valued at $11,409,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Bilibili by 3,328.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company's stock valued at $11,020,000 after purchasing an additional 590,763 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company's stock.
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.
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