Bilibili Inc. (NASDAQ:BILI) Receives $17.83 Consensus Price Target from Brokerages

Shares of Bilibili Inc. (NASDAQ:BILI) have been given an average recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $17.83.

BILI has been the topic of several recent analyst reports. Sanford C. Bernstein upped their price objective 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. Barclays raised Bilibili from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $14.00 to $19.00 in a research note on Friday, August 23rd. Daiwa Capital Markets downgraded Bilibili from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 3rd. Morgan Stanley started coverage on Bilibili in a research report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price on the stock. Finally, Nomura upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, August 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. SpiderRock Advisors LLC acquired a new stake in shares of Bilibili in the first quarter worth $1,421,000. BNP Paribas Financial Markets increased its holdings in Bilibili by 62.6% in the 1st quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company’s stock valued at $3,483,000 after purchasing an additional 119,747 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Bilibili in the first quarter valued at about $951,000. GSA Capital Partners LLP purchased a new position in Bilibili in the first quarter valued at about $460,000. Finally, SIH Partners LLLP lifted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Stock Up 1.4 %

NASDAQ:BILI opened at $20.59 on Monday. Bilibili has a 52-week low of $8.80 and a 52-week high of $31.77. The stock has a fifty day simple moving average of $17.52 and a 200-day simple moving average of $15.54. The company has a market capitalization of $8.50 billion, a PE ratio of -12.33 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The business had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The business’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.43) EPS. As a group, equities analysts anticipate that Bilibili will post -0.37 earnings per share for the current year.

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.