Wall Street Zen Upgrades Bilibili (NASDAQ:BILI) to Buy
by Doug Wharley · The Cerbat GemBilibili (NASDAQ:BILI – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
BILI has been the subject of a number of other reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $27.00 to $35.00 in a research note on Tuesday, March 17th. Morgan Stanley raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $25.00 to $31.00 in a research note on Monday, April 13th. Finally, Citigroup raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Friday, March 27th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Bilibili currently has an average rating of “Moderate Buy” and an average price target of $30.55.
Read Our Latest Stock Analysis on BILI
Bilibili Price Performance
NASDAQ:BILI opened at $25.15 on Friday. Bilibili has a 1-year low of $15.84 and a 1-year high of $36.40. The company has a 50-day moving average of $26.26 and a 200 day moving average of $27.48. The firm has a market cap of $10.43 billion, a PE ratio of 66.19 and a beta of 0.87. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 1.36.
Institutional Trading of Bilibili
Several hedge funds have recently modified their holdings of the company. Pictet Asset Management Holding SA lifted its position in shares of Bilibili by 3.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 13,000 shares of the company’s stock valued at $320,000 after buying an additional 400 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Bilibili by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 104,063 shares of the company’s stock valued at $2,559,000 after buying an additional 410 shares during the last quarter. AdvisorShares Investments LLC lifted its position in shares of Bilibili by 3.3% during the fourth quarter. AdvisorShares Investments LLC now owns 14,018 shares of the company’s stock valued at $345,000 after buying an additional 442 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Bilibili by 0.3% during the third quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock valued at $4,872,000 after buying an additional 489 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Bilibili by 5.6% during the third quarter. Signaturefd LLC now owns 9,538 shares of the company’s stock valued at $268,000 after buying an additional 503 shares during the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.
Bilibili Company Profile
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.