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

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has received a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $30.7778.

Several research firms have recently weighed in on BILI. Weiss Ratings lowered shares of Bilibili from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Morgan Stanley raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $25.00 to $31.00 in a report on Monday, April 13th. Benchmark restated a “buy” rating on shares of Bilibili in a research report on Wednesday, May 20th. Wall Street Zen cut shares of Bilibili from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Bilibili in a report on Tuesday, May 19th.

Institutional Investors Weigh In On Bilibili

A number of institutional investors have recently modified their holdings of the business. Morgan Stanley raised its holdings in Bilibili by 187.2% in the 4th quarter. Morgan Stanley now owns 3,846,849 shares of the company’s stock worth $94,594,000 after purchasing an additional 2,507,321 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Bilibili by 16.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,929,897 shares of the company’s stock valued at $54,211,000 after buying an additional 278,760 shares in the last quarter. Man Group plc increased its position in shares of Bilibili by 21.9% in the second quarter. Man Group plc now owns 1,460,147 shares of the company’s stock valued at $31,320,000 after buying an additional 262,554 shares in the last quarter. SIH Partners LLLP increased its position in shares of Bilibili by 327.1% in the fourth quarter. SIH Partners LLLP now owns 1,021,800 shares of the company’s stock valued at $25,126,000 after buying an additional 782,540 shares in the last quarter. Finally, Step Capital Management Pte. Ltd. acquired a new position in shares of Bilibili during the 4th quarter worth approximately $24,590,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Trading Up 1.2%

Bilibili stock opened at $18.06 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. Bilibili has a 12 month low of $15.79 and a 12 month high of $36.40. The stock’s 50 day simple moving average is $17.58 and its two-hundred day simple moving average is $23.51. The firm has a market cap of $7.49 billion, a PE ratio of 40.13 and a beta of 0.70.

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.