Brokerages Set Bilibili Inc. Sponsored ADR (NASDAQ:BILI) PT at $21.62

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $21.62.

A number of equities analysts have weighed in on BILI shares. Wall Street Zen upgraded shares of Bilibili from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th. HSBC upgraded shares of Bilibili from a “hold” rating to a “buy” rating and raised their price objective for the company from $21.50 to $22.50 in a research report on Wednesday, May 21st. Finally, Hsbc Global Res upgraded shares of Bilibili to a “strong-buy” rating in a research report on Wednesday, May 21st.

Bilibili Price Performance

Shares of NASDAQ:BILI opened at $21.42 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $8.95 billion, a PE ratio of -107.09 and a beta of 0.89. Bilibili has a twelve month low of $12.72 and a twelve month high of $31.77. The company has a 50-day moving average price of $18.79 and a two-hundred day moving average price of $18.78.

Institutional Investors Weigh In On Bilibili

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in Bilibili by 8.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company’s stock valued at $178,000 after purchasing an additional 722 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its stake in Bilibili by 3.3% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company’s stock valued at $419,000 after purchasing an additional 749 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Bilibili by 16.6% in the first quarter. Advisors Asset Management Inc. now owns 5,280 shares of the company’s stock valued at $101,000 after purchasing an additional 751 shares in the last quarter. Royal Bank of Canada raised its stake in Bilibili by 1.2% in the first quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock valued at $1,672,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Bilibili by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 110,560 shares of the company’s stock valued at $2,002,000 after purchasing an additional 1,140 shares in the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

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.