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

Bilibili (NASDAQ:BILI) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also weighed in on BILI. Macquarie initiated coverage on shares of Bilibili in a research report on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price objective for the company. Barclays lifted their target price on shares of Bilibili from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Benchmark boosted their price target on Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a report on Friday, November 14th. Citigroup increased their price target on Bilibili from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Finally, Bank of America decreased their price objective on Bilibili from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.61.

Bilibili Trading Up 7.2%

Shares of BILI stock opened at $26.37 on Friday. The company has a market capitalization of $11.02 billion, a price-to-earnings ratio of 105.48 and a beta of 0.66. 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 price of $26.38 and a 200 day moving average price of $25.12. Bilibili has a twelve month low of $14.47 and a twelve month high of $32.50.

Hedge Funds Weigh In On Bilibili

A number of large investors have recently bought and sold shares of BILI. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Bilibili during the 2nd quarter valued at $6,819,000. Arrowstreet Capital Limited Partnership boosted its holdings in 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 acquiring an additional 278,760 shares during the last quarter. Man Group plc boosted its holdings in 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 acquiring an additional 262,554 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Bilibili during the second quarter valued at about $4,111,000. Finally, Bank of America Corp DE increased its stake in Bilibili by 41.3% during the third quarter. Bank of America Corp DE now owns 492,122 shares of the company’s stock worth $13,824,000 after acquiring an additional 143,853 shares during 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.