Bilibili Inc. (NASDAQ:BILI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Bilibili Inc. (NASDAQ:BILI) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $17.19.

Several research firms have recently commented on BILI. Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. Morgan Stanley assumed coverage on Bilibili in a research report on Wednesday. They issued an “equal weight” rating and a $20.00 target price for the company. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price objective for the company in a report on Tuesday, June 18th. Finally, UBS Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.90 to $18.00 in a report on Friday, May 31st.

Bilibili Trading Down 1.9 %

Shares of BILI opened at $18.27 on Thursday. The company’s 50-day moving average price is $14.89 and its 200 day moving average price is $14.25. Bilibili has a 12-month low of $8.80 and a 12-month high of $18.64. The firm has a market cap of $7.57 billion, a P/E ratio of -10.94 and a beta of 0.83.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The company had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. Bilibili’s revenue was up 15.5% on a year-over-year basis. During the same period last year, the firm posted ($0.43) earnings per share. Equities research analysts forecast that Bilibili will post -0.4 earnings per share for the current year.

Institutional Investors Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP purchased a new position in Bilibili in the second quarter valued at $29,336,000. OLD Mission Capital LLC purchased a new stake in Bilibili during the 1st quarter worth about $14,849,000. Cubist Systematic Strategies LLC boosted its position in shares of Bilibili by 385.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock worth $15,162,000 after acquiring an additional 779,614 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Bilibili in the 2nd quarter valued at about $11,490,000. Finally, SIH Partners LLLP raised its position in shares of Bilibili by 145.9% during the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after acquiring an additional 709,200 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.