Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives $30.78 Consensus Price Target from Analysts

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $30.7778.

Several analysts have recently commented on BILI shares. Weiss Ratings cut shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 8th. Macquarie Infrastructure reiterated an “outperform” rating and set a $30.00 target price on shares of Bilibili in a research report on Tuesday, May 19th. Morgan Stanley raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $25.00 to $31.00 in a report on Monday, April 13th. Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Benchmark reissued a “buy” rating on shares of Bilibili in a research note on Wednesday, May 20th.

Bilibili Stock Up 2.1%

Bilibili stock opened at $19.10 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $17.64 and a two-hundred day moving average of $23.34. Bilibili has a twelve month low of $15.79 and a twelve month high of $36.40. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 42.45 and a beta of 0.70.

Hedge Funds Weigh In On Bilibili

Hedge funds have recently made changes to their positions in the stock. Pictet Asset Management Holding SA boosted its holdings in Bilibili by 3.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 13,000 shares of the company’s stock valued at $320,000 after acquiring an additional 400 shares during the last quarter. Geode Capital Management LLC boosted its position in Bilibili by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 104,063 shares of the company’s stock valued at $2,559,000 after buying an additional 410 shares during the last quarter. AdvisorShares Investments LLC boosted its holdings in Bilibili by 3.3% in the fourth quarter. AdvisorShares Investments LLC now owns 14,018 shares of the company’s stock valued at $345,000 after purchasing an additional 442 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Bilibili by 0.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock valued at $4,872,000 after buying an additional 489 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in Bilibili by 4.1% in the fourth quarter. Ieq Capital LLC now owns 13,829 shares of the company’s stock valued at $340,000 after acquiring an additional 544 shares in the last quarter. Institutional investors and hedge funds 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.