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

Bilibili Inc. (NASDAQ:BILI) has been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $19.69.

Several equities analysts have weighed in on BILI shares. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Benchmark lifted their price objective on shares of Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley began coverage on shares of Bilibili in a report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price on the stock. Barclays boosted their price target on shares of Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th.

Institutional Investors Weigh In On Bilibili

Hedge funds and other institutional investors have recently made changes to their positions in the business. National Bank of Canada FI purchased a new position in Bilibili in the second quarter valued at approximately $3,115,000. Headlands Technologies LLC acquired a new position in shares of Bilibili in the 2nd quarter valued at $4,715,000. Renaissance Technologies LLC grew its position in shares of Bilibili by 17.2% in the 2nd quarter. Renaissance Technologies LLC now owns 601,066 shares of the company’s stock valued at $9,280,000 after buying an additional 88,100 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Bilibili by 10.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock worth $272,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Beck Bode LLC purchased a new stake in Bilibili in the second quarter valued at $165,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Performance

NASDAQ:BILI opened at $18.11 on Friday. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $31.77. The company has a 50 day moving average price of $20.07 and a 200 day moving average price of $18.08. The stock has a market capitalization of $7.50 billion, a P/E ratio of -19.68 and a beta of 0.80.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.10 by $0.47. The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The company’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period last year, the business posted ($0.39) earnings per share. Research analysts forecast that Bilibili will post -0.34 earnings per share for the current fiscal year.

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.