Bilibili (NASDAQ:BILI) Price Target Raised to $29.00 at Benchmark

Bilibili (NASDAQ:BILI) had its price target lifted by Benchmark from $28.00 to $29.00 in a research note published on Friday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

BILI has been the topic of several other research reports. Wall Street Zen cut shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a report on Wednesday, October 8th. JPMorgan Chase & Co. downgraded Bilibili from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $24.00 in a research report on Monday, July 28th. Macquarie started coverage on Bilibili in a research report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price target on the stock. Finally, Sanford C. Bernstein lifted their price objective on Bilibili from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.84.

Bilibili Stock Up 1.1%

Bilibili stock traded up $0.29 during mid-day trading on Friday, hitting $26.18. The company’s stock had a trading volume of 3,604,317 shares, compared to its average volume of 2,596,135. The company has a market cap of $10.94 billion, a PE ratio of 104.72 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.60. The firm’s 50 day moving average is $27.66 and its 200 day moving average is $23.43. Bilibili has a 52-week low of $14.47 and a 52-week high of $32.50.

Hedge Funds Weigh In On Bilibili

Several hedge funds have recently added to or reduced their stakes in the stock. Creative Planning boosted its position in shares of Bilibili by 8.7% during the third quarter. Creative Planning now owns 19,074 shares of the company’s stock worth $536,000 after purchasing an additional 1,527 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Bilibili by 6.0% during the third quarter. Lazard Asset Management LLC now owns 24,502 shares of the company’s stock worth $688,000 after acquiring an additional 1,387 shares in the last quarter. Virtu Financial LLC acquired a new position in Bilibili in the third quarter valued at about $343,000. Vident Advisory LLC bought a new stake in shares of Bilibili in the third quarter worth about $613,000. Finally, Vise Technologies Inc. raised its position in shares of Bilibili by 19.7% during the third quarter. Vise Technologies Inc. now owns 45,650 shares of the company’s stock worth $1,282,000 after purchasing an additional 7,524 shares during the period. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.