Brokerages Set Bilibili Inc. (NASDAQ:BILI) Target Price at $18.15

Shares of Bilibili Inc. (NASDAQ:BILI) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.51.

A number of brokerages have issued reports on BILI. The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and increased their target price for the company from $16.50 to $22.60 in a report on Thursday, September 26th. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Bank of America upped their target price on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Mizuho boosted their price objective on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Sanford C. Bernstein raised their target price on shares of Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, August 23rd.

Institutional Investors Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently made changes to their positions in BILI. BNP Paribas Financial Markets boosted its stake in Bilibili by 62.6% in the 1st quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company’s stock worth $3,483,000 after buying an additional 119,747 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Bilibili in the first quarter valued at approximately $951,000. GSA Capital Partners LLP acquired a new position in Bilibili during the first quarter worth approximately $460,000. SIH Partners LLLP raised its stake in Bilibili by 761.2% during the first quarter. SIH Partners LLLP now owns 486,220 shares of the company’s stock worth $5,446,000 after purchasing an additional 429,760 shares during the period. Finally, Susquehanna International Group Ltd. boosted its holdings in shares of Bilibili by 77.5% in the 1st quarter. Susquehanna International Group Ltd. now owns 38,246 shares of the company’s stock valued at $428,000 after purchasing an additional 16,699 shares during the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

Bilibili stock opened at $21.08 on Friday. The stock’s 50 day moving average price is $20.25 and its 200 day moving average price is $16.85. Bilibili has a 1-year low of $8.80 and a 1-year high of $31.77. The company has a market cap of $8.74 billion, a PE ratio of -15.78 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last issued its earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The company had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. Bilibili’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.43) earnings per share. On average, equities research analysts anticipate that Bilibili will post -0.32 EPS for the current fiscal year.

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.