Bilibili (NASDAQ:BILI) Price Target Raised to $25.00 at Barclays

Bilibili (NASDAQ:BILI) had its target price increased by Barclays from $24.00 to $25.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts have also recently commented on BILI. Benchmark boosted their price target on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Bank of America boosted their price target on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, Mizuho boosted their price target on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Three equities 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.33.

Bilibili Stock Up 3.2 %

Shares of BILI opened at $22.82 on Friday. Bilibili has a fifty-two week low of $9.63 and a fifty-two week high of $31.77. The firm’s 50 day moving average price is $18.27 and its 200 day moving average price is $18.63. The company has a market cap of $9.46 billion, a P/E ratio of -50.71 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.28%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Research analysts forecast that Bilibili will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd boosted its holdings in shares of Bilibili by 1,064.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock valued at $4,449,000 after buying an additional 173,941 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Bilibili by 31.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock worth $30,258,000 after purchasing an additional 311,073 shares during the period. US Bancorp DE boosted its stake in Bilibili by 882.4% during the 3rd quarter. US Bancorp DE now owns 70,999 shares of the company’s stock worth $1,660,000 after purchasing an additional 63,772 shares during the period. Jennison Associates LLC boosted its stake in Bilibili by 208.4% during the 3rd quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock worth $42,260,000 after purchasing an additional 1,221,433 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Bilibili during the 3rd quarter worth $921,000. 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.