Bilibili (NASDAQ:BILI) Price Target Raised to $21.00

Bilibili (NASDAQ:BILI) had its price objective raised by Mizuho from $17.00 to $21.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Nomura raised Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, August 22nd. Bank of America upped their price target on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.50 to $22.60 in a research note on Thursday, September 26th. Morgan Stanley began coverage on Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price for the company. Finally, Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.51.

Bilibili Stock Performance

Shares of BILI opened at $18.59 on Tuesday. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $31.77. The company has a market capitalization of $7.70 billion, a PE ratio of -13.77 and a beta of 0.86. The stock has a fifty day moving average of $20.50 and a two-hundred day moving average of $16.94.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The company had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same period in the prior year, the company earned ($0.43) EPS. The company’s revenue was up 15.5% compared to the same quarter last year. As a group, equities research analysts forecast that Bilibili will post -0.32 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

Several hedge funds have recently made changes to their positions in BILI. Flow Traders U.S. LLC acquired a new stake in Bilibili in the third quarter worth $516,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Bilibili by 26.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock worth $82,000 after acquiring an additional 735 shares during the period. BNP Paribas Financial Markets lifted its position in Bilibili by 422.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock valued at $52,747,000 after purchasing an additional 1,823,829 shares during the last quarter. Quantbot Technologies LP acquired a new position in Bilibili during the 3rd quarter valued at about $921,000. Finally, DRW Securities LLC bought a new position in Bilibili in the 3rd quarter worth about $312,000. Institutional investors own 16.08% of the company’s stock.

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.