Bilibili (NASDAQ:BILI) had its target price decreased by Citigroup from $23.00 to $20.00 in a research note published on Tuesday, The Fly reports. Citigroup currently has a buy rating on the stock.

BILI has been the subject of a number of other research reports. Goldman Sachs Group began coverage on shares of Bilibili in a research report on Wednesday, August 7th. They issued a buy rating and a $21.50 price objective for the company. 86 Research upgraded shares of Bilibili to a buy rating and set a $19.00 price objective for the company in a research report on Friday, May 17th. Zacks Investment Research upgraded shares of Bilibili from a hold rating to a strong-buy rating and set a $17.00 price objective for the company in a research report on Friday, August 2nd. ValuEngine downgraded shares of Bilibili from a buy rating to a hold rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group initiated coverage on shares of Bilibili in a research report on Monday, August 5th. They set a buy rating and a $17.90 price target for the company. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Bilibili currently has an average rating of Buy and a consensus target price of $19.34.

Shares of NASDAQ:BILI opened at $13.70 on Tuesday. Bilibili has a 52 week low of $11.00 and a 52 week high of $21.50. The company has a 50-day moving average price of $14.95 and a 200 day moving average price of $16.41.

Institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG increased its position in shares of Bilibili by 742.1% in the 4th quarter. Deutsche Bank AG now owns 26,500 shares of the company’s stock worth $386,000 after purchasing an additional 23,353 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Bilibili by 18.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 14,339 shares of the company’s stock worth $272,000 after purchasing an additional 2,278 shares during the last quarter. Bank of Montreal Can increased its position in shares of Bilibili by 5.7% in the 1st quarter. Bank of Montreal Can now owns 15,829 shares of the company’s stock worth $299,000 after purchasing an additional 857 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Bilibili by 4.1% in the 1st quarter. SG Americas Securities LLC now owns 45,000 shares of the company’s stock worth $853,000 after purchasing an additional 1,781 shares during the last quarter. Finally, SeaTown Holdings Pte. Ltd. bought a new stake in shares of Bilibili in the 1st quarter worth about $7,580,000. 27.02% of the stock is owned by institutional investors and hedge funds.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.

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Analyst Recommendations for Bilibili (NASDAQ:BILI)

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