Bilibili (NASDAQ:BILI) Rating Reiterated by Benchmark

Bilibili (NASDAQ:BILI – Get Rating)‘s stock had its “buy” rating restated by investment analysts at Benchmark in a research report issued on Friday, Benzinga reports. They currently have a $35.00 price objective on the stock. Benchmark’s price objective would suggest a potential upside of 54.80% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Bank of America upped their price target on Bilibili from $11.50 to $13.50 in a research note on Friday, November 25th. The Goldman Sachs Group upped their price target on Bilibili from $22.20 to $25.30 and gave the stock a “neutral” rating in a research note on Monday, January 9th. Citigroup raised Bilibili from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Friday. UBS Group started coverage on Bilibili in a research note on Thursday, December 8th. They issued a “buy” rating on the stock. Finally, Barclays boosted their target price on Bilibili from $13.00 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 30th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Bilibili currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.28.

Bilibili Price Performance

Shares of BILI stock opened at $22.61 on Friday. The stock has a market cap of $8.83 billion, a price-to-earnings ratio of -7.96 and a beta of 1.08. The business’s fifty day moving average is $24.37 and its 200 day moving average is $19.69. Bilibili has a twelve month low of $8.23 and a twelve month high of $35.00. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC lifted its holdings in shares of Bilibili by 2.1% during the second quarter. FMR LLC now owns 19,888,043 shares of the company’s stock valued at $509,134,000 after purchasing an additional 405,620 shares in the last quarter. WT Asset Management Ltd bought a new position in shares of Bilibili during the second quarter valued at $5,670,000. Artisan Partners Limited Partnership lifted its holdings in shares of Bilibili by 28.0% during the third quarter. Artisan Partners Limited Partnership now owns 4,690,822 shares of the company’s stock valued at $71,863,000 after purchasing an additional 1,027,218 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Bilibili during the fourth quarter valued at $40,273,000. Finally, First Manhattan Co. lifted its holdings in shares of Bilibili by 7.2% during the fourth quarter. First Manhattan Co. now owns 1,233,826 shares of the company’s stock valued at $29,229,000 after purchasing an additional 83,172 shares in the last quarter. 20.27% of the stock is owned by institutional investors.

Bilibili Company Profile

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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.