Bilibili (NASDAQ:BILI) Cut to “Hold” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Bilibili (NASDAQ:BILI – Free Report) from a buy rating to a hold rating in a research note released on Saturday.

Other analysts have also issued research reports about the company. Macquarie started coverage on Bilibili in a research note on Tuesday, October 14th. They issued an “outperform” rating and a $36.03 price target for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a research report on Wednesday, October 8th. Benchmark lifted their target price on shares of Bilibili from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Sanford C. Bernstein increased their price target on shares of Bilibili from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Bilibili from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.61.

Get Our Latest Stock Report on BILI

Bilibili Trading Up 3.6%

NASDAQ BILI opened at $27.33 on Friday. Bilibili has a fifty-two week low of $14.47 and a fifty-two week high of $32.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a 50 day simple moving average of $26.33 and a two-hundred day simple moving average of $25.17. The stock has a market cap of $11.42 billion, a P/E ratio of 109.32 and a beta of 0.66.

Institutional Investors Weigh In On Bilibili

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in shares of Bilibili by 0.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 173,458 shares of the company’s stock worth $4,872,000 after purchasing an additional 489 shares in the last quarter. Signaturefd LLC boosted 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. Mirae Asset Global Investments Co. Ltd. increased its holdings in Bilibili by 7.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,970 shares of the company’s stock worth $214,000 after buying an additional 709 shares in the last quarter. Geode Capital Management LLC increased its holdings in Bilibili by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 103,666 shares of the company’s stock worth $2,224,000 after buying an additional 713 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC raised its position in Bilibili by 3.3% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 22,170 shares of the company’s stock worth $623,000 after buying an additional 718 shares during the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

About Bilibili

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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.

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