Fintel reports that on May 10, 2024, CLSA upgraded their outlook for Bilibili Inc. – Depositary Receipt () (NasdaqGS:BILI) from Outperform to Buy.
Analyst Price Forecast Suggests 5.95% Upside
As of May 8, 2024, the average one-year price target for Bilibili Inc. – Depositary Receipt () is 14.91. The forecasts range from a low of 10.10 to a high of $26.04. The average price target represents an increase of 5.95% from its latest reported closing price of 14.07.
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The projected annual revenue for Bilibili Inc. – Depositary Receipt () is 32,451MM, an increase of 44.05%. The projected annual non-GAAP EPS is -2.99.
What is the Fund Sentiment?
There are 178 funds or institutions reporting positions in Bilibili Inc. – Depositary Receipt (). This is an decrease of 2 owner(s) or 1.11% in the last quarter. Average portfolio weight of all funds dedicated to BILI is 0.44%, an increase of 5.58%. Total shares owned by institutions decreased in the last three months by 9.06% to 62,048K shares. 
The put/call ratio of BILI is 0.45, indicating a bullish outlook.
What are Other Shareholders Doing?
Yiheng Capital Management holds 13,782K shares representing 3.34% ownership of the company. In its prior filing, the firm reported owning 11,806K shares , representing an increase of 14.34%. The firm increased its portfolio allocation in BILI by 16.67% over the last quarter.
Alibaba Group Holding holds 10,000K shares representing 2.42% ownership of the company. No change in the last quarter.
Artisan Partners Limited Partnership holds 3,110K shares representing 0.75% ownership of the company. In its prior filing, the firm reported owning 3,790K shares , representing a decrease of 21.87%. The firm decreased its portfolio allocation in BILI by 34.20% over the last quarter.
ARTYX – Artisan Developing World Fund Investor Shares holds 2,718K shares representing 0.66% ownership of the company. In its prior filing, the firm reported owning 3,319K shares , representing a decrease of 22.11%. The firm decreased its portfolio allocation in BILI by 32.50% over the last quarter.
Marshall Wace, Llp holds 2,234K shares representing 0.54% ownership of the company. In its prior filing, the firm reported owning 3,528K shares , representing a decrease of 57.94%. The firm decreased its portfolio allocation in BILI by 53.21% over the last quarter.
Bilibili Background Information
(This description is provided by the company.)
Bilibili represents an iconic brand and a leading video community with a mission to enrich the everyday life of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bond among them. Bilibili pioneered the ”bullet chatting” feature, a live commenting function that has transformed the viewing experience by displaying thoughts and feelings of other audience viewing the same video. It has now become the welcoming home of diverse cultures and interests and destination for discovering cultural trends and phenomena for young generations in China.
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This story originally appeared on Fintel.
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