Bank of America Issues Positive Forecast for Bilibili (NASDAQ:BILI) Stock Price

Bilibili (NASDAQ:BILI - Free Report) had its target price increased by Bank of America from $25.00 to $27.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. HSBC reiterated a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Sanford C. Bernstein started coverage on Bilibili in a research report on Tuesday, July 8th. They set an "outperform" rating and a $28.00 target price on the stock. Finally, Hsbc Global Res upgraded Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Bilibili presently has an average rating of "Moderate Buy" and a consensus price target of $23.79.

Bilibili Stock Up 2.5%

BILI stock traded up $0.61 during trading hours on Thursday, hitting $25.20. The company's stock had a trading volume of 3,490,476 shares, compared to its average volume of 5,943,393. The stock has a 50 day moving average price of $20.25 and a two-hundred day moving average price of $19.11. Bilibili has a 12 month low of $12.72 and a 12 month high of $31.77. The company has a market capitalization of $10.53 billion, a PE ratio of -125.99 and a beta of 0.91. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On Bilibili

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Natixis Advisors LLC lifted its holdings in Bilibili by 206.8% in the fourth quarter. Natixis Advisors LLC now owns 35,721 shares of the company's stock valued at $647,000 after buying an additional 24,079 shares during the period. Quantbot Technologies LP lifted its stake in Bilibili by 15.9% in the fourth quarter. Quantbot Technologies LP now owns 45,655 shares of the company's stock valued at $827,000 after buying an additional 6,255 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Bilibili in the 4th quarter valued at approximately $728,000. LPL Financial LLC raised its holdings in Bilibili by 40.6% in the fourth quarter. LPL Financial LLC now owns 18,638 shares of the company's stock worth $338,000 after purchasing an additional 5,386 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 buying an additional 590,763 shares during the period. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Company Profile

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.