Brokerages Set Bilibili Inc. Sponsored ADR (NASDAQ:BILI) PT at $30.55

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been given an average rating of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $30.5530.

A number of brokerages have recently weighed in on BILI. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $27.00 to $35.00 in a research note on Tuesday, March 17th. Morgan Stanley raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $31.00 in a research note on Monday, April 13th. Wall Street Zen raised shares of Bilibili from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, January 21st.

Institutional Trading of Bilibili

A number of hedge funds have recently modified their holdings of BILI. Morgan Stanley boosted its holdings in shares of Bilibili by 187.2% during the 4th quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock valued at $94,594,000 after buying an additional 2,507,321 shares in the last quarter. Step Capital Management Pte. Ltd. bought a new stake in Bilibili during the fourth quarter worth about $24,590,000. SIH Partners LLLP boosted its stake in Bilibili by 327.1% during the fourth quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock worth $25,126,000 after acquiring an additional 782,540 shares in the last quarter. MY.Alpha Management HK Advisors Ltd bought a new stake in Bilibili during the fourth quarter worth about $16,620,000. Finally, Panagora Asset Management Inc. boosted its stake in Bilibili by 138.0% during the fourth quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock worth $21,378,000 after acquiring an additional 504,070 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of BILI stock opened at $25.15 on Friday. The firm has a market cap of $10.43 billion, a P/E ratio of 66.19 and a beta of 0.87. Bilibili has a fifty-two week low of $15.84 and a fifty-two week high of $36.40. The business’s 50 day moving average price is $26.26 and its 200-day moving average price is $27.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.36 and a current ratio of 1.36.

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.