Bilibili Inc. (NASDAQ:BILI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

Several brokerages recently commented on BILI. Bank of America boosted their target price on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Barclays boosted their target price on Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Finally, Mizuho boosted their target price on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th.

Bilibili Trading Up 8.8 %

Shares of NASDAQ:BILI opened at $22.11 on Friday. Bilibili has a 52 week low of $9.63 and a 52 week high of $31.77. The firm has a market capitalization of $9.16 billion, a P/E ratio of -24.03 and a beta of 0.81. The firm’s 50 day moving average is $18.21 and its two-hundred day moving average is $18.53.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, topping 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%. Analysts predict that Bilibili will post -0.39 EPS for the current year.

Hedge Funds Weigh In On Bilibili

Several institutional investors and hedge funds have recently added to or reduced their stakes in BILI. Public Employees Retirement System of Ohio purchased a new position in shares of Bilibili during the 4th quarter valued at $2,689,000. Vise Technologies Inc. acquired a new position in Bilibili during the 4th quarter worth $329,000. Vident Advisory LLC lifted its position in Bilibili by 15.1% during the 4th quarter. Vident Advisory LLC now owns 17,226 shares of the company’s stock worth $312,000 after acquiring an additional 2,263 shares during the last quarter. Quantinno Capital Management LP lifted its position in Bilibili by 37.1% during the 4th quarter. Quantinno Capital Management LP now owns 32,296 shares of the company’s stock worth $585,000 after acquiring an additional 8,739 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in Bilibili during the 4th quarter worth $272,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

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.