Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) rose 4.6% during trading on Friday . The stock traded as high as $26.33 and last traded at $25.57. Approximately 2,142,945 shares changed hands during trading, a decline of 55% from the average daily volume of 4,791,894 shares. The stock had previously closed at $24.45.
Analyst Ratings Changes
BILI has been the topic of several research analyst reports. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a research report on Wednesday, May 21st. Sanford C. Bernstein initiated coverage on shares of Bilibili in a research note on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price objective on the stock. Barclays increased their price objective on shares of Bilibili from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Wall Street Zen upgraded shares of Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Finally, Bank of America raised their price target on shares of Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.91.
Get Our Latest Stock Analysis on Bilibili
Bilibili Stock Performance
The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 386.86 and a beta of 0.94. The company's 50-day simple moving average is $23.49 and its 200-day simple moving average is $20.61.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. SVB Wealth LLC acquired a new position in Bilibili in the 1st quarter worth approximately $31,000. FNY Investment Advisers LLC acquired a new position in Bilibili in the 1st quarter worth approximately $57,000. Brooklyn Investment Group boosted its stake in Bilibili by 10,989.7% in the 1st quarter. Brooklyn Investment Group now owns 3,216 shares of the company's stock worth $61,000 after purchasing an additional 3,187 shares during the period. Banque Transatlantique SA acquired a new position in Bilibili in the 1st quarter worth approximately $80,000. Finally, Advisors Asset Management Inc. boosted its stake in Bilibili by 16.6% in 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 period. Institutional investors and hedge funds own 16.08% of the company's stock.
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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