Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives Consensus Rating of “Buy” from Analysts

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have earned a consensus recommendation of “Buy” from the thirteen research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $23.29.

A number of equities research analysts have recently weighed in on the company. Hsbc Global Res upgraded Bilibili to a “strong-buy” rating in a research report on Wednesday, May 21st. Sanford C. Bernstein assumed coverage on Bilibili in a research report on Tuesday, July 8th. They set an “outperform” rating and a $28.00 target price for the company. Wall Street Zen upgraded Bilibili from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th. Finally, HSBC restated a “buy” rating on shares of Bilibili in a research report on Tuesday.

Bilibili Price Performance

Shares of BILI stock opened at $23.96 on Wednesday. The stock’s fifty day simple moving average is $19.83 and its 200 day simple moving average is $18.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of -119.79 and a beta of 0.91. Bilibili has a one year low of $12.72 and a one year high of $31.77.

Institutional Investors Weigh In On Bilibili

Hedge funds have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. raised its position in Bilibili by 87.9% in the 1st quarter. Vontobel Holding Ltd. now owns 35,239 shares of the company’s stock worth $673,000 after purchasing an additional 16,482 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Bilibili by 8.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company’s stock worth $178,000 after acquiring an additional 722 shares during the period. Federated Hermes Inc. purchased a new position in shares of Bilibili during the fourth quarter worth approximately $55,000. Northern Trust Corp increased its position in shares of Bilibili by 164.2% during the fourth quarter. Northern Trust Corp now owns 235,099 shares of the company’s stock worth $4,258,000 after acquiring an additional 146,111 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Bilibili during the fourth quarter worth approximately $200,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

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.