Bilibili Inc. (NASDAQ:BILI) Receives $15.79 Consensus Target Price from Analysts

Shares of Bilibili Inc. (NASDAQ:BILI) have earned a consensus rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.79.

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Bilibili from an “underweight” rating to a “neutral” rating and raised their price target for the company from $10.00 to $11.00 in a research note on Monday, March 11th. Barclays upgraded shares of Bilibili from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $10.00 to $14.00 in a research note on Friday, May 24th. Benchmark raised their price target on shares of Bilibili from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, May 24th. UBS Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and raised their price target for the company from $11.90 to $18.00 in a research note on Friday, May 31st. Finally, Mizuho raised their price target on shares of Bilibili from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, May 10th.

Bilibili Stock Up 6.7 %

BILI opened at $15.71 on Tuesday. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of -9.41 and a beta of 0.89. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $19.15. The company’s 50-day moving average price is $13.81 and its 200 day moving average price is $11.88.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, May 23rd. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.02. The firm had revenue of $791.16 million for the quarter, compared to analyst estimates of $775.06 million. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.46%. Research analysts anticipate that Bilibili will post -0.5 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mizuho Securities Co. Ltd. bought a new stake in Bilibili during the fourth quarter worth approximately $55,000. Parallel Advisors LLC boosted its holdings in Bilibili by 62.6% during the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after buying an additional 1,734 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Bilibili by 349.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock worth $82,000 after buying an additional 5,210 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Bilibili by 29.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock worth $85,000 after buying an additional 1,569 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Bilibili during the fourth quarter worth approximately $100,000. 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.