Analysts Set Bilibili Inc. (NASDAQ:BILI) Price Target at $19.69

Shares of Bilibili Inc. (NASDAQ:BILI) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Three research 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. The average twelve-month target price among brokers that have covered the stock in the last year is $19.69.

Several analysts have recently issued reports on the stock. Bank of America lifted their target price 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. Morgan Stanley assumed coverage on Bilibili in a report on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 price objective on the stock. The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and increased their target price for the company from $16.50 to $22.60 in a report on Thursday, September 26th. Benchmark raised their target price on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th.

Bilibili Trading Down 1.6 %

NASDAQ BILI opened at $18.11 on Friday. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of -19.68 and a beta of 0.80. The stock has a 50-day moving average of $20.07 and a 200 day moving average of $18.08. Bilibili has a twelve month low of $8.80 and a twelve month high of $31.77.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.47. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same period in the prior year, the company posted ($0.39) EPS. The business’s quarterly revenue was up 25.8% on a year-over-year basis. Equities analysts predict that Bilibili will post -0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Bilibili during the 2nd quarter valued at approximately $29,336,000. First Beijing Investment Ltd raised its position in Bilibili by 96.2% in the third quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after purchasing an additional 1,860,496 shares during the period. BNP Paribas Financial Markets raised its position in Bilibili by 422.0% in the third quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock valued at $52,747,000 after purchasing an additional 1,823,829 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Bilibili by 14,710.1% in the 3rd quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock valued at $41,205,000 after purchasing an additional 1,750,500 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings 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. Institutional investors and hedge funds 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.