Bilibili Inc – (NASDAQ:BILI) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.33.
BILI has been the topic of a number of recent analyst reports. Daiwa Capital Markets initiated coverage on Bilibili in a report on Monday. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded Bilibili from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Morgan Stanley downgraded Bilibili from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $13.50 to $11.00 in a report on Monday, September 24th. Finally, Credit Suisse Group initiated coverage on Bilibili in a report on Monday, December 10th. They issued an “outperform” rating on the stock.
Shares of NASDAQ BILI opened at $15.36 on Monday. Bilibili has a 1-year low of $9.09 and a 1-year high of $22.70.
Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new position in Bilibili during the 3rd quarter worth approximately $51,000. Glen Harbor Capital Management LLC purchased a new position in Bilibili during the 2nd quarter worth approximately $105,000. B. Riley Wealth Management Inc. purchased a new position in Bilibili during the 3rd quarter worth approximately $168,000. Russell Investments Group Ltd. purchased a new position in Bilibili during the 2nd quarter worth approximately $332,000. Finally, SG Americas Securities LLC purchased a new position in Bilibili during the 2nd quarter worth approximately $365,000. Hedge funds and other institutional investors own 12.19% of the company’s stock.
Bilibili Company Profile
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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