Bilibili Inc. (NASDAQ:BILI) Receives Average Rating of “Moderate Buy” from Analysts

Bilibili Inc. (NASDAQ:BILI) has received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $19.69.

Several analysts have issued reports on the stock. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Barclays upped their target price on shares of Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Mizuho lifted their price target on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Bank of America upped their price objective on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Benchmark lifted their target price on Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

Bilibili Stock Performance

BILI opened at $18.84 on Friday. The business’s 50-day simple moving average is $20.20 and its 200 day simple moving average is $17.98. Bilibili has a 52-week low of $8.80 and a 52-week high of $31.77. The firm has a market capitalization of $7.81 billion, a PE ratio of -20.48 and a beta of 0.80.

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

Institutional Trading of Bilibili

Several institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after buying an additional 891 shares during the period. TD Private Client Wealth LLC acquired a new position in shares of Bilibili in the third quarter valued at about $53,000. Venturi Wealth Management LLC acquired a new position in shares of Bilibili in the third quarter valued at about $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Bilibili by 26.3% during 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 worth $82,000 after acquiring an additional 735 shares during the period. Finally, Assetmark Inc. acquired a new stake in Bilibili in the 3rd quarter worth about $159,000. 16.08% of the stock is currently 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.