Bilibili (NASDAQ:BILI) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Bilibili (NASDAQ:BILI) from a buy rating to a hold rating in a report published on Saturday.

Several other equities analysts have also issued reports on the company. Bank of America cut their price target on Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Barclays boosted their price objective on Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. JPMorgan Chase & Co. raised their target price on shares of Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Citigroup lifted their price target on shares of Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, November 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.61.

Bilibili Stock Performance

BILI stock opened at $29.83 on Friday. The company has a 50 day moving average price of $29.58 and a 200 day moving average price of $27.42. Bilibili has a fifty-two week low of $14.47 and a fifty-two week high of $36.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $12.47 billion, a PE ratio of 119.32 and a beta of 0.73.

Institutional Investors Weigh In On Bilibili

Large investors have recently modified their holdings of the business. Pictet Asset Management Holding SA raised its position in shares of Bilibili by 3.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,000 shares of the company’s stock worth $320,000 after purchasing an additional 400 shares during the period. Geode Capital Management LLC raised its holdings in Bilibili by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 104,063 shares of the company’s stock worth $2,559,000 after buying an additional 410 shares during the period. AdvisorShares Investments LLC lifted its stake in Bilibili by 3.3% in the fourth quarter. AdvisorShares Investments LLC now owns 14,018 shares of the company’s stock valued at $345,000 after buying an additional 442 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Bilibili by 0.3% in the third quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock valued at $4,872,000 after buying an additional 489 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of Bilibili by 5.6% in the third quarter. Signaturefd LLC now owns 9,538 shares of the company’s stock valued at $268,000 after buying an additional 503 shares during the period. 16.08% of the stock is currently owned by institutional investors.

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.