Bilibili Inc. (NASDAQ:BILI) Receives $19.69 Average Target Price from Brokerages

Shares of Bilibili Inc. (NASDAQ:BILI) have been given an average rating of “Moderate Buy” by the fourteen analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $19.69.

Several brokerages have commented on BILI. Benchmark raised their price target on shares of Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 15th. Bank of America lifted their price objective on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $16.50 to $22.60 in a report on Thursday, September 26th.

Bilibili Stock Performance

NASDAQ:BILI opened at $18.40 on Friday. The business’s fifty day moving average is $20.17 and its 200 day moving average is $18.05. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of -20.00 and a beta of 0.80. Bilibili has a 52-week low of $8.80 and a 52-week high of $31.77.

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

Hedge Funds Weigh In On Bilibili

Several institutional investors and hedge funds have recently made changes to their positions in BILI. Blue Trust Inc. lifted its stake in Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after purchasing an additional 891 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of Bilibili in the 3rd quarter valued at about $53,000. Venturi Wealth Management LLC purchased a new stake in Bilibili during the 3rd quarter valued at about $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Bilibili by 26.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after acquiring an additional 735 shares during the period. Finally, Assetmark Inc. bought a new position in Bilibili during the 3rd quarter worth approximately $159,000. Institutional investors own 16.08% 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 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.