Bilibili (NASDAQ:BILI) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Bilibili (NASDAQ:BILI) from a buy rating to a hold rating in a research report released on Monday.

A number of other equities research analysts also recently issued reports on the stock. Benchmark boosted their price objective on shares of Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Bank of America decreased their target price on Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price target on Bilibili from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Finally, Barclays upped their price target on Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.61.

Bilibili Stock Performance

Shares of NASDAQ BILI opened at $26.16 on Monday. Bilibili has a 12-month low of $14.47 and a 12-month high of $36.40. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 68.84 and a beta of 0.75. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $30.09 and a 200 day moving average of $27.64.

Hedge Funds Weigh In On Bilibili

Hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC boosted its holdings in shares of Bilibili by 535.7% during the 4th quarter. Hsbc Holdings PLC now owns 60,229 shares of the company’s stock valued at $1,483,000 after purchasing an additional 50,754 shares during the last quarter. Compound Planning Inc. increased its holdings in shares of Bilibili by 20.3% in the fourth quarter. Compound Planning Inc. now owns 9,608 shares of the company’s stock worth $236,000 after purchasing an additional 1,624 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Bilibili in the fourth quarter worth about $766,000. Voloridge Investment Management LLC purchased a new stake in shares of Bilibili in the fourth quarter worth about $954,000. Finally, Quadrature Capital Ltd lifted its position in shares of Bilibili by 6.9% in the fourth quarter. Quadrature Capital Ltd now owns 97,068 shares of the company’s stock worth $2,387,000 after buying an additional 6,223 shares in the last quarter. Hedge funds and other 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.