Benchmark Issues Positive Forecast for Bilibili (NASDAQ:BILI) Stock Price

Bilibili (NASDAQ:BILI) had its price objective increased by Benchmark from $24.00 to $30.00 in a research note published on Friday,Benzinga reports. Benchmark currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Bank of America increased their price objective on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research report on Friday, October 25th. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Mizuho upped their price objective on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Barclays lifted their target price on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday. Three investment 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 stock. Based on data from MarketBeat, Bilibili presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.33.

Bilibili Trading Up 3.2 %

NASDAQ:BILI opened at $22.82 on Friday. Bilibili has a 1 year low of $9.63 and a 1 year high of $31.77. The stock has a 50-day moving average price of $18.27 and a two-hundred day moving average price of $18.58. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of -24.80 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. Sell-side analysts forecast that Bilibili will post -0.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BILI. Blue Trust Inc. raised its stake in shares of Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after purchasing an additional 891 shares in the last quarter. Signaturefd LLC increased its holdings in Bilibili by 6.5% during the third quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock worth $228,000 after buying an additional 598 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Bilibili during the third quarter worth $9,570,000. US Bancorp DE lifted its stake in Bilibili by 882.4% in the third quarter. US Bancorp DE now owns 70,999 shares of the company’s stock valued at $1,660,000 after acquiring an additional 63,772 shares during the last quarter. Finally, First Beijing Investment Ltd grew its position in shares of Bilibili by 96.2% in the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after acquiring an additional 1,860,496 shares during the period. 16.08% of the stock is currently owned by institutional investors.

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.