Bilibili (NASDAQ:BILI) Stock Price Expected to Rise, Mizuho Analyst Says

Bilibili (NASDAQ:BILI) had its price target raised by Mizuho from $17.00 to $21.00 in a report published on Tuesday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

A number of other equities analysts have also issued reports on the company. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and raised their target price for the company from $16.50 to $22.60 in a research note on Thursday, September 26th. Sanford C. Bernstein boosted their price target on shares of Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Morgan Stanley began coverage on shares of Bilibili in a research report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price objective for the company. Finally, Nomura Securities upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.51.

Bilibili Stock Down 12.6 %

BILI stock opened at $18.59 on Tuesday. The company has a 50-day simple moving average of $20.50 and a 200 day simple moving average of $16.94. The company has a market capitalization of $7.70 billion, a P/E ratio of -13.77 and a beta of 0.86. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $31.77.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The company had revenue of $6.13 billion during 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 company’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.43) earnings per share. Equities analysts anticipate that Bilibili will post -0.32 EPS for the current year.

Institutional Trading of Bilibili

A number of hedge funds have recently modified their holdings of the business. SIH Partners LLLP grew its holdings in shares of Bilibili by 145.9% during the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock valued at $18,457,000 after buying an additional 709,200 shares in the last quarter. Natixis purchased a new position in Bilibili during the 1st quarter valued at about $537,000. Janney Montgomery Scott LLC acquired a new position in shares of Bilibili in the 1st quarter valued at about $951,000. GSA Capital Partners LLP purchased a new stake in shares of Bilibili in the first quarter worth approximately $460,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Bilibili during the second quarter worth approximately $7,799,000. Hedge funds and other 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.