Bilibili (NASDAQ:BILI) Shares Up 4.6% - Time to Buy?

Key Points

• Bilibili Inc. (NASDAQ:BILI) saw a 4.6% increase in its share price, trading as high as $26.33 before closing at $25.57.
• Multiple brokerages have adjusted their price targets for Bilibili, with Benchmark lowering it to $28.00 and Barclays raising it to $28.00, while the overall consensus price target stands at $24.91.
• Institutional investors are actively investing in Bilibili, with Arrowstreet Capital increasing its holdings by 11.3%, reflecting a growing interest from hedge funds in the company's stock.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) traded up 4.6% during mid-day trading on Friday . The stock traded as high as $26.33 and last traded at $25.57. 2,142,945 shares changed hands during trading, a decline of 55% from the average session volume of 4,791,894 shares. The stock had previously closed at $24.45.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Benchmark reduced their price target on shares of Bilibili from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. HSBC reiterated a "buy" rating on shares of Bilibili in a research report on Tuesday, July 15th. Barclays increased their price target on shares of Bilibili from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. Hsbc Global Res upgraded shares of Bilibili to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Bank of America raised their price objective on Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.91.

Bilibili Trading Up 1.2%

The company has a market cap of $11.59 billion, a price-to-earnings ratio of 396.04 and a beta of 0.94. The business's fifty day moving average price is $23.59 and its 200 day moving average price is $20.66. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60.

Hedge Funds Weigh In On Bilibili

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vontobel Holding Ltd. lifted its holdings in Bilibili by 87.9% in the first quarter. Vontobel Holding Ltd. now owns 35,239 shares of the company's stock valued at $673,000 after buying an additional 16,482 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Bilibili by 8.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company's stock valued at $178,000 after buying an additional 722 shares during the period. Northern Trust Corp lifted its holdings in Bilibili by 164.2% in the fourth quarter. Northern Trust Corp now owns 235,099 shares of the company's stock valued at $4,258,000 after buying an additional 146,111 shares during the period. Hsbc Holdings PLC lifted its holdings in Bilibili by 48.8% in the first quarter. Hsbc Holdings PLC now owns 27,855 shares of the company's stock valued at $531,000 after buying an additional 9,134 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Bilibili in the first quarter valued at $57,000. Institutional investors and hedge funds 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.