Wall Street Zen Upgrades Bilibili (NASDAQ:BILI) to Buy

Bilibili (NASDAQ:BILI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

Other research analysts have also recently issued research reports about the company. Citigroup upped their price target on Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, November 14th. JPMorgan Chase & Co. upped their target price on Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, January 21st. Benchmark lifted their price target on Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Finally, Bank of America reduced their price objective on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Bilibili has an average rating of “Moderate Buy” and an average target price of $29.61.

Bilibili Stock Performance

NASDAQ:BILI opened at $27.23 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $29.97 and a 200-day moving average of $27.60. Bilibili has a twelve month low of $14.47 and a twelve month high of $36.40. The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 108.92 and a beta of 0.75.

Hedge Funds Weigh In On Bilibili

Large investors have recently made changes to their positions in the business. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Bilibili during the second quarter valued at approximately $927,000. Rovida Advisors Inc. acquired a new position in shares of Bilibili during the 2nd quarter worth $2,145,000. Mizuho Securities Co. Ltd. bought a new position in shares of Bilibili during the 2nd quarter valued at $260,000. Marathon Trading Investment Management LLC lifted its stake in shares of Bilibili by 107.1% in the 2nd quarter. Marathon Trading Investment Management LLC now owns 44,178 shares of the company’s stock valued at $948,000 after purchasing an additional 22,850 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Bilibili in the 3rd quarter valued at $1,040,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Company Profile

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.