Weiss Ratings Reaffirms Hold (C-) Rating for Bilibili (NASDAQ:BILI)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for Bilibili (NASDAQ:BILI), indicating a cautious outlook on the stock.
• Multiple analysts have rated Bilibili with target prices ranging from $21.00 to $30.00, reflecting various degrees of optimism about its future performance.
• Bilibili's stock recently traded at $28.52, marking a 2.7% increase, while it has a market capitalization of approximately $11.92 billion.

Bilibili (NASDAQ:BILI - Get Free Report)'s stock had its "hold (c-)" rating reiterated by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

BILI has been the subject of several other reports. JPMorgan Chase & Co. downgraded shares of Bilibili from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $21.00 to $24.00 in a research note on Monday, July 28th. Barclays upped their target price on shares of Bilibili from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Benchmark decreased their target price on shares of Bilibili from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. HSBC restated a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. Finally, Sanford C. Bernstein started coverage on shares of Bilibili in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.81.

Bilibili Trading Up 2.7%

Bilibili stock traded up $0.76 during trading on Wednesday, reaching $28.52. The company had a trading volume of 1,520,299 shares, compared to its average volume of 4,644,674. Bilibili has a 12-month low of $14.47 and a 12-month high of $29.60. The stock's 50 day moving average price is $24.78 and its two-hundred day moving average price is $21.28. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 407.43 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 1.60.

Hedge Funds Weigh In On Bilibili

Large investors have recently made changes to their positions in the business. Vontobel Holding Ltd. boosted its position in shares of Bilibili by 87.9% during the 1st quarter. Vontobel Holding Ltd. now owns 35,239 shares of the company's stock valued at $673,000 after purchasing an additional 16,482 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Bilibili by 8.5% during 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 in the last quarter. Hsbc Holdings PLC lifted its stake in Bilibili by 48.8% during 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 in the last quarter. FNY Investment Advisers LLC purchased a new stake in Bilibili during the first quarter valued at about $57,000. Finally, Acadian Asset Management LLC lifted its stake in Bilibili by 43.6% during the first quarter. Acadian Asset Management LLC now owns 60,525 shares of the company's stock valued at $1,156,000 after buying an additional 18,368 shares in the last quarter. Institutional investors own 16.08% of the company's stock.

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.

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