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

Shares of Bilibili Inc. (NASDAQ:BILI) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $19.69.

A number of brokerages have recently issued reports on BILI. Benchmark boosted their price objective on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Morgan Stanley initiated coverage on Bilibili in a report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price target on the stock. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Mizuho increased their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th.

Bilibili Stock Performance

Bilibili stock opened at $17.12 on Friday. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of -18.61 and a beta of 0.80. Bilibili has a 52-week low of $8.80 and a 52-week high of $31.77. The firm has a 50 day moving average price of $19.95 and a two-hundred day moving average price of $18.08.

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

Institutional Trading of Bilibili

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI bought a new position in shares of Bilibili in the second quarter valued at approximately $3,115,000. Headlands Technologies LLC purchased a new stake in Bilibili in the 2nd quarter valued at $4,715,000. Renaissance Technologies LLC lifted its stake in Bilibili by 17.2% during the 2nd quarter. Renaissance Technologies LLC now owns 601,066 shares of the company’s stock valued at $9,280,000 after acquiring an additional 88,100 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Bilibili by 10.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock valued at $272,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Beck Bode LLC purchased a new position in Bilibili during the 2nd quarter worth $165,000. 16.08% of the stock is owned by institutional investors.

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.