Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives $29.61 Consensus Target Price from Analysts

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has received an average rating of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $29.6144.

Several research analysts have issued reports on BILI shares. Benchmark boosted their target price on Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Citigroup raised their price target on Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Macquarie assumed coverage on Bilibili in a research report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price objective on the stock. Wall Street Zen lowered Bilibili from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, October 8th.

Hedge Funds Weigh In On Bilibili

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in Bilibili by 1.2% in the first quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock worth $1,672,000 after acquiring an additional 1,014 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Bilibili by 16.6% in the 1st quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock worth $101,000 after purchasing an additional 751 shares in the last quarter. Scientech Research LLC acquired a new stake in Bilibili in the 1st quarter worth approximately $778,000. Bayforest Capital Ltd grew its position in Bilibili by 314.2% during the 1st quarter. Bayforest Capital Ltd now owns 50,610 shares of the company’s stock worth $967,000 after purchasing an additional 38,392 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in Bilibili by 43.6% during the 1st quarter. Acadian Asset Management LLC now owns 60,525 shares of the company’s stock worth $1,156,000 after purchasing an additional 18,368 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Stock Up 1.9%

Shares of NASDAQ:BILI opened at $29.17 on Wednesday. The company has a 50-day moving average price of $26.08 and a 200 day moving average price of $25.33. 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 $32.50. The company has a market cap of $12.19 billion, a price-to-earnings ratio of 116.68 and a beta of 0.66.

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.