Analysts Set Bilibili Inc. Sponsored ADR (NASDAQ:BILI) PT at $25.81

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been given a consensus rating of “Moderate Buy” by the twelve analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $25.8125.

BILI has been the topic of a number of research reports. JPMorgan Chase & Co. cut shares of Bilibili from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $21.00 to $24.00 in a report on Monday, July 28th. Barclays boosted their target price on shares of Bilibili from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Wall Street Zen upgraded shares of Bilibili from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Sanford C. Bernstein initiated coverage on shares of Bilibili in a report on Tuesday, July 8th. They set an “outperform” rating and a $28.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Bilibili in a report on Saturday, September 27th.

Bilibili Stock Performance

NASDAQ:BILI opened at $28.51 on Monday. The stock has a market cap of $11.92 billion, a P/E ratio of 407.29 and a beta of 0.93. The firm’s fifty day simple moving average is $24.56 and its 200 day simple moving average is $21.18. Bilibili has a twelve month low of $14.47 and a twelve month high of $29.60. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.57.

Hedge Funds Weigh In On Bilibili

A number of hedge funds have recently bought and sold shares of BILI. Public Employees Retirement System of Ohio bought a new position in Bilibili during the 4th quarter valued at about $2,689,000. Myriad Asset Management US LP bought a new position in Bilibili during the 1st quarter valued at about $1,775,000. FNY Investment Advisers LLC bought a new position in Bilibili during the 1st quarter valued at about $57,000. Rakuten Securities Inc. lifted its holdings in shares of Bilibili by 39.5% during the 1st quarter. Rakuten Securities Inc. now owns 12,725 shares of the company’s stock valued at $243,000 after buying an additional 3,601 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Bilibili by 8.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,261 shares of the company’s stock valued at $178,000 after buying an additional 722 shares during the period. Institutional investors 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.