Shares of Bilibili Inc – (NASDAQ:BILI) have received a consensus recommendation of “Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $19.86.
Several research firms recently issued reports on BILI. 86 Research raised Bilibili to a “buy” rating and set a $19.00 price objective for the company in a research note on Friday. UBS Group began coverage on Bilibili in a research note on Wednesday, April 10th. They set a “buy” rating and a $23.00 price target for the company. Daiwa Capital Markets set a $23.00 price target on Bilibili and gave the stock a “buy” rating in a research note on Friday, March 1st. ValuEngine raised Bilibili from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Finally, JPMorgan Chase & Co. lowered Bilibili from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $17.00 to $20.00 in a research note on Friday, March 1st.
NASDAQ:BILI opened at $15.35 on Friday. The firm has a market cap of $4.40 billion, a P/E ratio of -40.39 and a beta of 1.22. Bilibili has a 52-week low of $9.09 and a 52-week high of $22.70.
Hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Bilibili by 31.4% during the fourth quarter. BlackRock Inc. now owns 1,921,432 shares of the company’s stock worth $28,034,000 after purchasing an additional 458,999 shares during the last quarter. DNB Asset Management AS bought a new stake in Bilibili during the first quarter worth about $4,914,000. Vanguard Group Inc. bought a new stake in Bilibili during the third quarter worth about $16,513,000. Vanguard Group Inc bought a new stake in Bilibili during the third quarter worth about $16,513,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Bilibili during the fourth quarter worth about $1,812,000. 21.01% of the stock is owned by hedge funds and other institutional investors.
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.
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