Mizuho Increases Bilibili (NASDAQ:BILI) Price Target to $21.00

Bilibili (NASDAQ:BILI) had its target price upped by Mizuho from $17.00 to $21.00 in a report issued on Tuesday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other brokerages have also recently weighed in on BILI. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.50 to $22.60 in a report on Thursday, September 26th. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $14.00 to $19.00 in a report on Friday, August 23rd. Morgan Stanley initiated coverage on Bilibili in a research report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price target on the stock. Finally, Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Three investment 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.24.

Bilibili Price Performance

BILI opened at $18.30 on Tuesday. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of -13.66 and a beta of 0.86. The business’s 50-day moving average price is $20.57 and its two-hundred day moving average price is $16.95. Bilibili has a 1 year low of $8.80 and a 1 year high of $31.77.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The company had revenue of $6.13 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned ($0.43) EPS. Sell-side analysts anticipate that Bilibili will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SIH Partners LLLP boosted its position in shares of Bilibili by 145.9% in the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock valued at $18,457,000 after acquiring an additional 709,200 shares during the period. Natixis acquired a new position in shares of Bilibili during the 1st quarter worth approximately $537,000. Janney Montgomery Scott LLC bought a new position in shares of Bilibili during the first quarter worth approximately $951,000. GSA Capital Partners LLP bought a new position in shares of Bilibili during the first quarter worth approximately $460,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Bilibili in the second quarter valued at approximately $7,799,000. 16.08% of the stock is owned by institutional investors and hedge funds.

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.