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

Bilibili (NASDAQ:BILI) had its price target increased by Barclays from $19.00 to $24.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 28.96% from the company’s current price.

Other research analysts have also issued research reports about the stock. Sanford C. Bernstein lifted their price target on shares of Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $16.50 to $22.60 in a report on Thursday, September 26th. Benchmark upped their target price on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a report on Friday. Bank of America lifted their price target on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.69.

Bilibili Price Performance

NASDAQ BILI opened at $18.61 on Monday. Bilibili has a 12 month low of $8.80 and a 12 month high of $31.77. The firm has a market capitalization of $7.71 billion, a PE ratio of -20.23 and a beta of 0.86. The company’s 50 day simple moving average is $20.63 and its 200 day simple moving average is $17.02.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, November 14th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.10%. The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same quarter last year, the business earned ($0.39) earnings per share. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. Sell-side analysts anticipate that Bilibili will post -0.32 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

Several institutional investors have recently made changes to their positions in the stock. SIH Partners LLLP increased its stake in Bilibili by 145.9% in the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock valued at $18,457,000 after buying an additional 709,200 shares during the period. Natixis purchased a new stake in shares of Bilibili during the first quarter worth $537,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Bilibili during the second quarter worth $7,799,000. Swedbank AB acquired a new stake in Bilibili during the first quarter valued at $645,000. Finally, Janus Henderson Group PLC purchased a new position in Bilibili in the first quarter valued at about $3,918,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.