Bilibili Inc. (NASDAQ:BILI) Receives $19.69 Consensus Target Price from Brokerages

Shares of Bilibili Inc. (NASDAQ:BILI) have received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.69.

BILI has been the subject of a number of research analyst reports. Mizuho upped their price objective on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Bank of America lifted their price objective on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. Barclays increased their target price on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jennison Associates LLC raised its position in shares of Bilibili by 26.4% during the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock valued at $41,386,000 after acquiring an additional 477,740 shares in the last quarter. Matthews International Capital Management LLC increased its stake in Bilibili by 11.3% during the fourth quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company’s stock valued at $6,364,000 after purchasing an additional 35,692 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Bilibili by 147.8% during the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock worth $58,000 after purchasing an additional 1,896 shares during the period. Avior Wealth Management LLC lifted its position in shares of Bilibili by 1,817.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after buying an additional 1,436 shares during the last quarter. Finally, TD Private Client Wealth LLC bought a new position in shares of Bilibili in the 3rd quarter worth about $53,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Trading Up 2.8 %

NASDAQ BILI opened at $16.89 on Wednesday. Bilibili has a 12-month low of $8.81 and a 12-month high of $31.77. The company has a fifty day simple moving average of $18.46 and a two-hundred day simple moving average of $18.14. The stock has a market cap of $7.00 billion, a P/E ratio of -18.36 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, November 14th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.10 by $0.47. The business had revenue of $7.31 billion for 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 business’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.39) EPS. As a group, sell-side analysts forecast 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.