Benchmark Forecasts Strong Price Appreciation for Bilibili (NASDAQ:BILI) Stock

Bilibili (NASDAQ:BILI) had its price objective hoisted by equities research analysts at Benchmark from $16.00 to $24.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target would indicate a potential upside of 31.15% from the company’s current price.

A number of other brokerages have also recently commented on BILI. Mizuho upped their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Barclays raised Bilibili from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $14.00 to $19.00 in a report on Friday, August 23rd. Nomura raised Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, August 22nd. Finally, Bank of America raised their price objective on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.24.

Bilibili Trading Down 1.6 %

Bilibili stock opened at $18.30 on Friday. The business’s 50 day simple moving average is $20.63 and its 200 day simple moving average is $16.99. Bilibili has a 12 month low of $8.80 and a 12 month high of $31.77. The company has a market cap of $7.58 billion, a price-to-earnings ratio of -13.66 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The firm had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same period in the prior year, the company earned ($0.43) EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities research analysts forecast that Bilibili will post -0.32 earnings per share 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 the business. SIH Partners LLLP grew its holdings in shares of Bilibili by 145.9% in the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after purchasing an additional 709,200 shares during the last quarter. Natixis purchased a new position in shares of Bilibili in the first quarter valued at about $537,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Bilibili during the second quarter valued at about $7,799,000. Swedbank AB purchased a new stake in shares of Bilibili during the first quarter worth about $645,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Bilibili in the first quarter worth about $3,918,000. 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.