Brokerages Set Bilibili Inc. (NASDAQ:BILI) PT at $15.79

Bilibili Inc. (NASDAQ:BILIGet Free Report) has been assigned a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.79.

BILI has been the subject of several recent analyst reports. Mizuho raised their target price on Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Citigroup cut Bilibili from a “buy” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $12.50 in a research note on Monday, March 11th. JPMorgan Chase & Co. upgraded Bilibili from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $10.00 to $11.00 in a research report on Monday, March 11th. Barclays upgraded Bilibili from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $10.00 to $14.00 in a research report on Friday, May 24th. Finally, Benchmark raised their price target on Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, May 24th.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Swedbank AB purchased a new position in Bilibili in the first quarter valued at $645,000. Janus Henderson Group PLC acquired a new stake in Bilibili in the first quarter valued at $3,918,000. Sandia Investment Management LP acquired a new stake in Bilibili in the first quarter valued at $112,000. Quadrature Capital Ltd acquired a new stake in Bilibili in the first quarter valued at $456,000. Finally, OLD Mission Capital LLC acquired a new stake in Bilibili in the first quarter valued at $14,849,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Bilibili Stock Up 6.7 %

BILI stock opened at $15.71 on Tuesday. The business has a fifty day moving average of $13.81 and a two-hundred day moving average of $11.88. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of -9.41 and a beta of 0.89. Bilibili has a 52-week low of $8.80 and a 52-week high of $19.15.

Bilibili (NASDAQ:BILIGet Free Report) last posted its earnings results on Thursday, May 23rd. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.02. The company had revenue of $791.16 million during the quarter, compared to analysts’ expectations of $775.06 million. Bilibili had a negative return on equity of 26.46% and a negative net margin of 21.41%. As a group, sell-side analysts anticipate that Bilibili will post -0.5 EPS for the current year.

Bilibili Company Profile

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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.

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Analyst Recommendations for Bilibili (NASDAQ:BILI)

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