Bilibili (NASDAQ:BILI) Sets New 12-Month High – What’s Next?

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $35.12 and last traded at $34.8070, with a volume of 1027141 shares. The stock had previously closed at $33.53.

Wall Street Analyst Weigh In

BILI has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Wall Street Zen upgraded shares of Bilibili from a “hold” rating to a “buy” rating in a research note on Saturday, January 24th. Benchmark upped their target price on shares of Bilibili from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, January 21st. Finally, Bank of America decreased their price objective on shares of Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.61.

Bilibili Stock Down 1.3%

The firm’s 50 day moving average is $27.76 and its two-hundred day moving average is $26.47. The firm has a market cap of $14.81 billion, a P/E ratio of 141.76 and a beta of 0.66. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BILI. Step Capital Management Pte. Ltd. bought a new stake in shares of Bilibili in the fourth quarter valued at about $24,590,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Bilibili during the 2nd quarter worth approximately $6,819,000. Arrowstreet Capital Limited Partnership boosted its position in Bilibili by 16.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock worth $54,211,000 after acquiring an additional 278,760 shares during the last quarter. Man Group plc grew its stake in shares of Bilibili by 21.9% during the 2nd quarter. Man Group plc now owns 1,460,147 shares of the company’s stock worth $31,320,000 after acquiring an additional 262,554 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Bilibili in the second quarter valued at approximately $4,111,000. Institutional investors 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.