Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report)'s stock price was down 3% on Wednesday . The company traded as low as $21.83 and last traded at $21.89. Approximately 477,106 shares traded hands during trading, a decline of 92% from the average daily volume of 5,983,276 shares. The stock had previously closed at $22.57.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on BILI shares. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a research report on Wednesday, May 21st. HSBC raised shares of Bilibili from a "hold" rating to a "buy" rating and increased their price objective for the stock from $21.50 to $22.50 in a research report on Wednesday, May 21st. Wall Street Zen raised shares of Bilibili from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, Sanford C. Bernstein started coverage on shares of Bilibili in a research report on Tuesday. They set an "outperform" rating and a $28.00 price objective for the company. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $23.29.
View Our Latest Research Report on BILI
Bilibili Trading Down 1.8%
The stock's fifty day moving average price is $19.64 and its two-hundred day moving average price is $18.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36.
Institutional Investors Weigh In On Bilibili
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Bilibili by 2.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,547,057 shares of the company's stock valued at $29,564,000 after purchasing an additional 42,914 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Bilibili in the 1st quarter valued at $26,725,000. Federated Hermes Inc. raised its holdings in shares of Bilibili by 44,249.8% in the 1st quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company's stock valued at $25,731,000 after purchasing an additional 1,343,423 shares in the last quarter. Trexquant Investment LP raised its holdings in shares of Bilibili by 9.3% in the 4th quarter. Trexquant Investment LP now owns 754,875 shares of the company's stock valued at $13,671,000 after purchasing an additional 63,960 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Bilibili in the 4th quarter valued at $11,584,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.
About Bilibili
(
Get Free Report)
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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