Citigroup Upgrades Bilibili (NASDAQ:BILI) to “Buy”

Bilibili (NASDAQ:BILI) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a report released on Friday,Finviz reports. The brokerage presently has a $27.00 price target on the stock. Citigroup’s target price indicates a potential upside of 19.05% from the stock’s current price.

A number of other research firms also recently issued reports on BILI. Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Bank of America reduced their price target on Bilibili from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $27.00 to $35.00 in a research report on Tuesday, March 17th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Bilibili Stock Down 4.7%

BILI stock opened at $22.68 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 1.64. The stock has a market capitalization of $9.48 billion, a P/E ratio of 59.69 and a beta of 0.75. Bilibili has a fifty-two week low of $14.47 and a fifty-two week high of $36.40. The business has a 50-day moving average of $29.18 and a 200-day moving average of $27.76.

Hedge Funds Weigh In On Bilibili

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new position in shares of Bilibili during the fourth quarter worth approximately $43,000. Farther Finance Advisors LLC grew its position in Bilibili by 226.9% during the third quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock worth $61,000 after buying an additional 1,518 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Bilibili by 253.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock worth $102,000 after acquiring an additional 2,608 shares during the period. JPMorgan Chase & Co. raised its holdings in Bilibili by 25.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after acquiring an additional 1,081 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Bilibili by 19.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock valued at $135,000 after acquiring an additional 1,005 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.