Brokerages Set Bilibili Inc. (NASDAQ:BILI) Price Target at $21.11

Shares of Bilibili Inc. (NASDAQ:BILI) have been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $21.11.

BILI has been the topic of several recent research reports. Barclays lifted their price target on shares of Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Benchmark lifted their price objective on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Nomura Securities cut shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Hedge Funds Weigh In On Bilibili

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in Bilibili in the fourth quarter valued at approximately $2,689,000. Vise Technologies Inc. bought a new stake in shares of Bilibili during the fourth quarter worth $329,000. Vident Advisory LLC boosted its holdings in Bilibili by 15.1% during the fourth quarter. Vident Advisory LLC now owns 17,226 shares of the company’s stock worth $312,000 after purchasing an additional 2,263 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Bilibili by 37.1% during the fourth quarter. Quantinno Capital Management LP now owns 32,296 shares of the company’s stock worth $585,000 after purchasing an additional 8,739 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in Bilibili during the fourth quarter worth $272,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Price Performance

NASDAQ BILI opened at $21.44 on Thursday. Bilibili has a 12 month low of $10.37 and a 12 month high of $31.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. The firm has a market capitalization of $8.88 billion, a PE ratio of -47.64 and a beta of 0.93. The company’s 50 day simple moving average is $19.04 and its 200 day simple moving average is $19.38.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. As a group, equities research analysts forecast that Bilibili will post 0.16 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.