Analysts Set Bilibili Inc. (NASDAQ:BILI) Target Price at $19.69

Bilibili Inc. (NASDAQ:BILI) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $19.69.

Several equities analysts have recently commented on BILI shares. Barclays increased their price objective on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Benchmark upped their price objective on shares of Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America increased their target price on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. 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 research note on Tuesday, November 12th.

Institutional Investors Weigh In On Bilibili

A number of large investors have recently made changes to their positions in BILI. First Beijing Investment Ltd lifted its stake in Bilibili by 96.2% in the third quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock worth $88,694,000 after acquiring an additional 1,860,496 shares during the period. Jennison Associates LLC raised its holdings in Bilibili by 26.4% in the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock worth $41,386,000 after purchasing an additional 477,740 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Bilibili by 422.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock worth $52,747,000 after purchasing an additional 1,823,829 shares during the period. Quarry LP bought a new stake in shares of Bilibili during the 2nd quarter valued at about $29,336,000. Finally, Two Sigma Advisers LP raised its stake in Bilibili by 14,710.1% in the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock worth $41,205,000 after buying an additional 1,750,500 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Price Performance

Shares of BILI opened at $16.89 on Wednesday. Bilibili has a 1-year low of $8.81 and a 1-year high of $31.77. The company has a market capitalization of $7.00 billion, a P/E ratio of -18.36 and a beta of 0.81. The firm’s 50 day simple moving average is $18.46 and its 200 day simple moving average is $18.12.

Bilibili (NASDAQ:BILI) last posted 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 during the quarter, compared to the consensus estimate of $7.14 billion. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The firm’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.39) EPS. On average, equities analysts anticipate that Bilibili will post -0.27 earnings per share for the current year.

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.