Bilibili Inc. (NASDAQ:BILI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Bilibili Inc. (NASDAQ:BILI) have received a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.69.

Several brokerages have issued reports on BILI. Sanford C. Bernstein raised their price target on Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Benchmark raised their target price on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Mizuho upped their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $16.50 to $22.60 in a research report on Thursday, September 26th. Finally, Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th.

Hedge Funds Weigh In On Bilibili

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB acquired a new stake in shares of Bilibili during the 1st quarter worth $645,000. CWM LLC grew its stake in Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after buying an additional 853 shares in the last quarter. LifePro Asset Management acquired a new stake in Bilibili during the second quarter worth about $3,652,000. SG Americas Securities LLC increased its holdings in Bilibili by 4.9% in the 2nd quarter. SG Americas Securities LLC now owns 33,711 shares of the company’s stock valued at $520,000 after buying an additional 1,569 shares during the period. Finally, Yong Rong HK Asset Management Ltd raised its position in shares of Bilibili by 33.3% in the 2nd quarter. Yong Rong HK Asset Management Ltd now owns 400,000 shares of the company’s stock valued at $6,176,000 after buying an additional 100,000 shares in the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Stock Performance

Shares of BILI stock opened at $19.08 on Tuesday. Bilibili has a 52-week low of $8.80 and a 52-week high of $31.77. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of -20.74 and a beta of 0.80. The firm’s 50-day moving average is $21.33 and its 200-day moving average is $17.43.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.47. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same quarter in the prior year, the company earned ($0.39) earnings per share. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. Sell-side analysts predict that Bilibili will post -0.34 EPS 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.