Bilibili Inc. (NASDAQ:BILI) Receives $19.69 Average PT from Analysts

Shares of Bilibili Inc. (NASDAQ:BILI) have been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $20.33.

A number of brokerages recently commented on BILI. Mizuho increased their price target on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Benchmark increased their target price on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Barclays increased their target price on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th.

Institutional Trading of Bilibili

Institutional investors and hedge funds have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd raised its position in shares of Bilibili by 1,064.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock worth $4,449,000 after purchasing an additional 173,941 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Bilibili by 31.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock worth $30,258,000 after purchasing an additional 311,073 shares during the period. US Bancorp DE raised its position in shares of Bilibili by 882.4% during the 3rd quarter. US Bancorp DE now owns 70,999 shares of the company’s stock worth $1,660,000 after purchasing an additional 63,772 shares during the period. Jennison Associates LLC raised its position in shares of Bilibili by 208.4% during the 3rd quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock worth $42,260,000 after purchasing an additional 1,221,433 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Bilibili in the 3rd quarter valued at approximately $921,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Stock Performance

Shares of BILI opened at $22.82 on Friday. The company has a market capitalization of $9.46 billion, a P/E ratio of -50.71 and a beta of 0.81. Bilibili has a one year low of $9.63 and a one year high of $31.77. The stock has a 50-day moving average price of $18.27 and a 200 day moving average price of $18.60.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative return on equity of 8.28% and a negative net margin of 5.01%. As a group, equities research analysts forecast that Bilibili will post 0.16 earnings per share for the current fiscal year.

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.