Bilibili (NASDAQ:BILI) Rating Increased to Strong-Buy at Hsbc Global Res

Bilibili (NASDAQ:BILI - Get Free Report) was upgraded by equities researchers at Hsbc Global Res to a "strong-buy" rating in a research note issued on Wednesday, May 21st,Zacks.com reports.

A number of other analysts also recently weighed in on BILI. HSBC raised shares of Bilibili from a "hold" rating to a "buy" rating and upped their price target for the stock from $21.50 to $22.50 in a report on Wednesday, May 21st. Benchmark raised their target price on Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a report on Friday, February 21st. Nomura Securities cut Bilibili from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Barclays upped their price objective on Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $21.24.

Bilibili Price Performance

NASDAQ BILI traded down $0.34 during midday trading on Wednesday, hitting $19.10. The company had a trading volume of 1,769,088 shares, compared to its average volume of 6,360,178. The firm has a 50-day moving average price of $17.76 and a 200-day moving average price of $18.74. The company has a market capitalization of $7.95 billion, a PE ratio of -42.46 and a beta of 0.93. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. Bilibili has a twelve month low of $12.72 and a twelve month high of $31.77.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently made changes to their positions in the stock. Matthews International Capital Management LLC lifted its stake in shares of Bilibili by 11.3% in the fourth quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company's stock worth $6,364,000 after acquiring an additional 35,692 shares during the period. Barclays PLC grew its stake in shares of Bilibili by 13.5% in the 3rd quarter. Barclays PLC now owns 127,563 shares of the company's stock valued at $2,982,000 after buying an additional 15,136 shares during the period. Federated Hermes Inc. bought a new stake in shares of Bilibili during the fourth quarter valued at approximately $55,000. Vontobel Holding Ltd. bought a new position in shares of Bilibili in the fourth quarter valued at $340,000. Finally, Dimensional Fund Advisors LP acquired a new position in Bilibili during the 4th quarter valued at about $200,000. Institutional investors 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.