Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Given Average Recommendation of “Moderate Buy” by Brokerages

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $30.7778.

Several research firms have weighed in on BILI. Weiss Ratings lowered shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Wall Street Zen downgraded shares of Bilibili from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Benchmark reaffirmed a “buy” rating on shares of Bilibili in a research report on Wednesday, May 20th. Morgan Stanley upgraded Bilibili from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $25.00 to $31.00 in a report on Monday, April 13th. Finally, Macquarie Infrastructure reiterated an “outperform” rating and issued a $30.00 price objective on shares of Bilibili in a research report on Tuesday, May 19th.

Hedge Funds Weigh In On Bilibili

Several large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of Bilibili by 76.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock worth $37,000 after purchasing an additional 706 shares during the last quarter. Lazard Asset Management LLC lifted its position in Bilibili by 120.9% in the first quarter. Lazard Asset Management LLC now owns 49,758 shares of the company’s stock valued at $1,123,000 after buying an additional 27,231 shares during the last quarter. Renaissance Technologies LLC lifted its position in Bilibili by 121.1% in the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock valued at $11,445,000 after buying an additional 277,900 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Bilibili by 20.0% during the first quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company’s stock worth $272,000 after buying an additional 2,010 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Bilibili by 7.2% during the first quarter. Dimensional Fund Advisors LP now owns 170,834 shares of the company’s stock worth $3,854,000 after buying an additional 11,413 shares during the period. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Trading Up 1.0%

Shares of BILI opened at $18.71 on Friday. Bilibili has a 12-month low of $15.79 and a 12-month high of $36.40. The firm has a market capitalization of $7.76 billion, a P/E ratio of 41.58 and a beta of 0.70. The firm has a 50-day moving average price of $17.61 and a 200 day moving average price of $23.37. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30.

About Bilibili

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.