Bilibili Inc. (NASDAQ:BILI) Receives $18.15 Consensus Price Target from Analysts

Shares of Bilibili Inc. (NASDAQ:BILI) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $18.51.

Several equities analysts have issued reports on the stock. Nomura Securities raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Sanford C. Bernstein boosted their target price on Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Mizuho upped their target price on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, Morgan Stanley initiated coverage on Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price target on the stock.

Bilibili Price Performance

Shares of BILI stock opened at $18.59 on Friday. The stock’s 50-day moving average is $20.50 and its 200 day moving average is $16.94. Bilibili has a 1-year low of $8.80 and a 1-year high of $31.77. The company has a market cap of $7.70 billion, a P/E ratio of -13.77 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last released 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 firm had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.43) earnings per share. On average, analysts anticipate that Bilibili will post -0.32 EPS for the current year.

Hedge Funds Weigh In On Bilibili

A number of institutional investors have recently bought and sold shares of BILI. Blue Trust Inc. boosted its holdings in shares of Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after acquiring an additional 891 shares during the last quarter. CWM LLC lifted its position in Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after purchasing an additional 853 shares during the period. Venturi Wealth Management LLC purchased a new stake in Bilibili in the third quarter valued at $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Bilibili by 26.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock worth $82,000 after purchasing an additional 735 shares during the period. Finally, Sandia Investment Management LP acquired a new stake in Bilibili during the 1st quarter worth about $112,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

About Bilibili

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.