Bilibili (NASDAQ:BILI) Reaches New 1-Year High – Still a Buy?

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) hit a new 52-week high during trading on Wednesday . The company traded as high as $33.19 and last traded at $32.7960, with a volume of 1250489 shares traded. The stock had previously closed at $31.40.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BILI shares. Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Citigroup increased their price objective on shares of Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Benchmark upped their target price on shares of Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Finally, Barclays increased their price target on Bilibili from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Bilibili presently has an average rating of “Moderate Buy” and an average target price of $29.61.

Bilibili Stock Performance

The stock has a market cap of $13.58 billion, a price-to-earnings ratio of 129.92 and a beta of 0.66. The stock’s fifty day moving average is $26.36 and its 200-day moving average is $25.65. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.54.

Hedge Funds Weigh In On Bilibili

Several institutional investors and hedge funds have recently made changes to their positions in BILI. Farther Finance Advisors LLC raised its stake in Bilibili by 226.9% during the 3rd 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 during the period. Hantz Financial Services Inc. increased its holdings in shares of Bilibili by 253.0% in the third 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Bilibili by 25.7% in the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after acquiring an additional 1,081 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Bilibili by 19.0% during the second quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock worth $135,000 after purchasing an additional 1,005 shares during the period. Finally, Advisors Preferred LLC bought a new position in shares of Bilibili during the 3rd quarter valued at about $213,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.