Bilibili (NASDAQ:BILI) Upgraded at Wall Street Zen

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

Other analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Barclays increased 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. Bank of America reduced their target price on Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Citigroup upped their target price on Bilibili from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.61.

Bilibili Stock Up 2.8%

BILI opened at $31.84 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. Bilibili has a 12 month low of $14.47 and a 12 month high of $36.40. The business’s 50-day moving average price is $28.73 and its 200-day moving average price is $26.94. The company has a market cap of $13.31 billion, a P/E ratio of 127.36 and a beta of 0.73.

Hedge Funds Weigh In On Bilibili

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in Bilibili by 226.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,187 shares of the company’s stock valued at $61,000 after acquiring an additional 1,518 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Bilibili by 253.0% during the third quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock valued at $102,000 after purchasing an additional 2,608 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Bilibili by 25.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after purchasing an additional 1,081 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Bilibili by 19.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 6,285 shares of the company’s stock worth $135,000 after buying an additional 1,005 shares during the last quarter. Finally, Bridgewater Advisors Inc. bought a new position in Bilibili during the 4th quarter valued at approximately $175,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

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.