Bilibili Inc. (NASDAQ:BILI) Receives $19.69 Consensus PT from Analysts

Shares of Bilibili Inc. (NASDAQ:BILI) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $19.69.

BILI has been the subject of several research reports. Morgan Stanley assumed coverage on shares of Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price objective for the company. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, August 22nd. Sanford C. Bernstein increased their price objective on Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Finally, Barclays raised their target price on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, November 18th.

Bilibili Trading Up 0.5 %

BILI stock opened at $19.26 on Tuesday. The company has a market capitalization of $7.98 billion, a PE ratio of -20.93 and a beta of 0.80. Bilibili has a 12-month low of $8.80 and a 12-month high of $31.77. The business’s fifty day moving average price is $21.40 and its 200 day moving average price is $17.40.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same period in the prior year, the firm posted ($0.39) earnings per share. The firm’s revenue was up 25.8% on a year-over-year basis. Research analysts predict that Bilibili will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after purchasing an additional 891 shares during the period. CWM LLC raised its position in Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in Bilibili during the 3rd quarter worth about $53,000. Venturi Wealth Management LLC bought a new stake in shares of Bilibili during the 3rd quarter valued at $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Bilibili by 26.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock worth $82,000 after buying an additional 735 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.