Bilibili (NASDAQ:BILI) Price Target Raised to $24.00 at Benchmark

Bilibili (NASDAQ:BILI) had its target price boosted by stock analysts at Benchmark from $16.00 to $24.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target suggests a potential upside of 29.10% from the stock’s previous close.

BILI has been the subject of several other research reports. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. The Goldman Sachs Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and lifted their target price for the company from $16.50 to $22.60 in a report on Thursday, September 26th. Bank of America upped their target price on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Sanford C. Bernstein upped their price target on shares of Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Finally, Morgan Stanley began coverage on Bilibili in a report on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.24.

Bilibili Stock Performance

Bilibili stock opened at $18.59 on Friday. Bilibili has a one year low of $8.80 and a one year high of $31.77. The company has a market cap of $7.70 billion, a P/E ratio of -13.87 and a beta of 0.86. The business has a fifty day moving average of $20.50 and a two-hundred day moving average of $16.94.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same period in the prior year, the firm posted ($0.43) EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. Sell-side analysts predict that Bilibili will post -0.32 EPS for the current year.

Institutional Trading of Bilibili

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of Bilibili by 227.3% in the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after purchasing an additional 891 shares in the last quarter. CWM LLC increased its holdings in Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after buying an additional 853 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Bilibili during the third quarter valued at approximately $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Bilibili by 26.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after acquiring an additional 735 shares during the last quarter. Finally, Sandia Investment Management LP bought a new stake in Bilibili in the first quarter worth approximately $112,000. 16.08% of the stock is owned by institutional investors and hedge funds.

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.