Bilibili Inc. (NASDAQ:BILI – Get Rating) has been given an average rating of “Hold” by the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $22.44.
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Several equities research analysts have issued reports on the company. Bank of America increased their target price on Bilibili from $11.50 to $13.50 in a research report on Friday, November 25th. JPMorgan Chase & Co. increased their target price on Bilibili from $20.00 to $30.00 in a research report on Wednesday, December 7th. Citigroup upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Friday, March 3rd. Sanford C. Bernstein raised shares of Bilibili from an “underperform” rating to a “market perform” rating in a report on Tuesday, December 13th. Finally, The Goldman Sachs Group upped their price target on shares of Bilibili from $22.20 to $25.30 and gave the stock a “neutral” rating in a report on Monday, January 9th.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Bilibili by 382.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock valued at $27,000 after acquiring an additional 814 shares during the last quarter. 1832 Asset Management L.P. bought a new position in Bilibili in the fourth quarter valued at $62,000. Daiwa Securities Group Inc. bought a new position in Bilibili in the fourth quarter valued at $63,000. Parallel Advisors LLC increased its stake in Bilibili by 43.5% in the fourth quarter. Parallel Advisors LLC now owns 3,551 shares of the company’s stock valued at $84,000 after acquiring an additional 1,076 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Bilibili by 52.1% during the second quarter. Quadrant Capital Group LLC now owns 4,270 shares of the company’s stock valued at $109,000 after buying an additional 1,463 shares during the period. Institutional investors own 20.27% of the company’s stock.
Bilibili Trading Down 0.7 %
NASDAQ:BILI opened at $22.18 on Friday. The company has a market cap of $8.66 billion, a P/E ratio of -7.81 and a beta of 1.08. The stock’s fifty day moving average price is $23.43 and its two-hundred day moving average price is $19.47. Bilibili has a 1 year low of $8.23 and a 1 year high of $35.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.43 and a quick ratio of 1.64.
Bilibili Company Profile
Bilibili, Inc is a holding company, which represents the iconic brand of online entertainment for young generations in China. It offers a wide array of content serving young generations’ diverse interests. The firm enables broad video-based content consumption scenarios centered around professional user generated videos (PUGV) supplemented with live broadcasting, occupationally generated videos, or occupationally generated videos (OGV), and more.
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