Analysts Set Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Target Price at $23.81

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $23.81.

BILI has been the subject of several analyst reports. Bank of America boosted their price objective on Bilibili from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. downgraded Bilibili from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $21.00 to $24.00 in a research report on Monday, July 28th. HSBC reiterated a “buy” rating on shares of Bilibili in a research report on Tuesday, July 15th. Sanford C. Bernstein began coverage on Bilibili in a research report on Tuesday, July 8th. They set an “outperform” rating and a $28.00 price objective for the company. Finally, Hsbc Global Res upgraded Bilibili to a “strong-buy” rating in a research report on Wednesday, May 21st.

Bilibili Stock Performance

Shares of NASDAQ BILI opened at $24.85 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $22.20 and a 200-day simple moving average of $20.00. The company has a market cap of $10.39 billion, a PE ratio of -124.24 and a beta of 0.94. Bilibili has a 12-month low of $12.72 and a 12-month high of $31.77.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in shares of Bilibili by 203.3% in the second quarter. Tower Research Capital LLC TRC now owns 111,296 shares of the company’s stock valued at $2,387,000 after buying an additional 74,596 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Bilibili by 14.6% in the second quarter. Rakuten Securities Inc. now owns 14,589 shares of the company’s stock valued at $313,000 after buying an additional 1,864 shares in the last quarter. Moore Capital Management LP bought a new position in shares of Bilibili in the second quarter valued at $443,000. Man Group plc increased its holdings in shares of Bilibili by 21.9% in the second quarter. Man Group plc now owns 1,460,147 shares of the company’s stock valued at $31,320,000 after buying an additional 262,554 shares in the last quarter. Finally, Boothbay Fund Management LLC increased its holdings in shares of Bilibili by 21.7% in the second quarter. Boothbay Fund Management LLC now owns 13,800 shares of the company’s stock valued at $296,000 after buying an additional 2,465 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

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.