Bilibili Inc. (NASDAQ:BILI) Receives $15.26 Consensus PT from Brokerages

Bilibili Inc. (NASDAQ:BILI) has been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $15.26.

Several equities research analysts have recently weighed in on the stock. Mizuho decreased their price objective on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, January 17th. Daiwa Capital Markets downgraded shares of Bilibili from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. JPMorgan Chase & Co. raised shares of Bilibili from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $10.00 to $11.00 in a research note on Monday, March 11th. Finally, Citigroup cut shares of Bilibili from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $18.00 to $12.50 in a research report on Monday, March 11th.

Bilibili Stock Performance

Bilibili stock opened at $12.75 on Monday. The stock has a 50-day simple moving average of $11.08 and a 200 day simple moving average of $11.68. The stock has a market capitalization of $5.26 billion, a P/E ratio of -7.77 and a beta of 0.99. Bilibili has a 52 week low of $8.80 and a 52 week high of $20.60.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The company had revenue of $881.13 million for the quarter, compared to analyst estimates of $891.61 million. Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. Research analysts forecast that Bilibili will post -0.55 earnings per share for the current year.

Institutional Trading of Bilibili

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ronald Blue Trust Inc. grew its stake in shares of Bilibili by 79.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock worth $51,000 after acquiring an additional 1,478 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in Bilibili in the 4th quarter valued at about $55,000. Parallel Advisors LLC lifted its position in shares of Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after buying an additional 1,734 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Bilibili by 349.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock worth $82,000 after buying an additional 5,210 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Bilibili by 29.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after acquiring an additional 1,569 shares in the last quarter. 16.08% of the stock is owned by institutional investors.

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.