Bilibili (NASDAQ:BILI - Free Report) had its target price lifted by Bank of America from $25.00 to $27.00 in a research note released on Thursday,Benzinga reports. They currently have a buy rating on the stock.
A number of other research analysts have also recently weighed in on the stock. HSBC reaffirmed a "buy" rating on shares of Bilibili in a research report on Tuesday. Hsbc Global Res upgraded shares of Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Wall Street Zen upgraded shares of Bilibili from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, Sanford C. Bernstein assumed 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. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Bilibili has a consensus rating of "Buy" and an average target price of $23.79.
Read Our Latest Research Report on BILI
Bilibili Trading Up 2.5%
BILI stock traded up $0.61 during midday trading on Thursday, reaching $25.20. 3,490,476 shares of the company's stock traded hands, compared to its average volume of 5,933,181. The company has a market capitalization of $10.53 billion, a P/E ratio of -125.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36. Bilibili has a fifty-two week low of $12.72 and a fifty-two week high of $31.77. The business has a 50-day moving average price of $20.10 and a two-hundred day moving average price of $19.04.
Institutional Trading of Bilibili
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SVB Wealth LLC bought a new stake in shares of Bilibili in the first quarter worth $31,000. FNY Investment Advisers LLC bought a new stake in shares of Bilibili in the first quarter worth $57,000. Federated Hermes Inc. bought a new stake in shares of Bilibili in the fourth quarter worth $55,000. Brooklyn Investment Group increased its stake in Bilibili by 10,989.7% during the first quarter. Brooklyn Investment Group now owns 3,216 shares of the company's stock valued at $61,000 after purchasing an additional 3,187 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in Bilibili during the first quarter valued at $80,000. Institutional investors 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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