Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives $25.81 Average Price Target from Brokerages

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has been given an average rating of “Moderate Buy” by the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $25.8125.

BILI has been the topic of a number of analyst reports. Bank of America raised their target price on shares of Bilibili from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research report on Saturday, September 27th. Jefferies Financial Group set a $28.00 target price on shares of Bilibili in a research report on Thursday, August 21st. Benchmark decreased their target price on shares of Bilibili from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of Bilibili from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd.

Hedge Funds Weigh In On Bilibili

Several hedge funds and other institutional investors have recently made changes to their positions in BILI. SVB Wealth LLC purchased a new stake in Bilibili during the 1st quarter worth $31,000. FNY Investment Advisers LLC purchased a new stake in Bilibili during the 1st quarter worth $57,000. Brooklyn Investment Group increased its stake in Bilibili by 10,989.7% during the 1st quarter. Brooklyn Investment Group now owns 3,216 shares of the company’s stock worth $61,000 after buying an additional 3,187 shares during the period. Banque Transatlantique SA purchased a new stake in Bilibili during the 1st quarter worth $80,000. Finally, Advisors Asset Management Inc. increased its stake in Bilibili by 16.6% during the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock worth $101,000 after buying an additional 751 shares during the period. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Trading Down 1.3%

Shares of Bilibili stock opened at $28.51 on Monday. Bilibili has a 12-month low of $14.47 and a 12-month high of $29.60. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The stock has a market cap of $11.92 billion, a PE ratio of 407.29 and a beta of 0.93. The company has a 50-day moving average of $24.56 and a two-hundred day moving average of $21.17.

Bilibili Company Profile

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.