Bilibili (NASDAQ:BILI) Price Target Increased to $19.00 by Analysts at Bank of America

Bilibili (NASDAQ:BILI) had its price objective raised by Bank of America from $18.00 to $19.00 in a research note released on Tuesday morning, Benzinga reports. Bank of America currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on BILI. Sanford C. Bernstein lifted their target price on shares of Bilibili from $12.00 to $13.00 and gave the company a market perform rating in a research note on Friday, August 23rd. Daiwa Capital Markets raised shares of Bilibili from a neutral rating to an outperform rating in a research report on Thursday, August 22nd. Barclays raised shares of Bilibili from an equal weight rating to an overweight rating and lifted their price target for the company from $14.00 to $19.00 in a research report on Friday, August 23rd. Benchmark lifted their price target on shares of Bilibili from $15.00 to $16.00 and gave the company a buy rating in a research report on Friday, May 24th. Finally, Daiwa America raised shares of Bilibili from a moderate buy rating to a strong-buy rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $16.91.

Bilibili Trading Up 1.6 %

Shares of BILI opened at $14.61 on Tuesday. The firm’s 50-day moving average price is $15.06 and its 200-day moving average price is $13.67. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of -8.75 and a beta of 0.85. Bilibili has a 1-year low of $8.80 and a 1-year high of $18.19.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The company had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.43) EPS. On average, research analysts forecast that Bilibili will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in Bilibili in the second quarter worth about $8,128,000. Quarry LP purchased a new position in Bilibili in the second quarter worth about $29,336,000. Creative Planning grew its stake in shares of Bilibili by 6.7% in the second quarter. Creative Planning now owns 25,819 shares of the company’s stock worth $399,000 after acquiring an additional 1,632 shares during the period. SIH Partners LLLP grew its stake in shares of Bilibili by 145.9% in the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after acquiring an additional 709,200 shares during the period. Finally, Susquehanna International Group Ltd. grew its stake in shares of Bilibili by 23.2% in the second quarter. Susquehanna International Group Ltd. now owns 47,124 shares of the company’s stock worth $728,000 after acquiring an additional 8,878 shares during the period. 16.08% of the stock is owned by hedge funds and other institutional investors.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.