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

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

Several equities research analysts recently issued reports on BILI shares. Benchmark boosted their price target on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Barclays increased 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. Morgan Stanley began coverage on Bilibili in a research note on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 price target for the company. Mizuho increased their price objective on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Bank of America boosted their target price on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th.

Bilibili Price Performance

BILI stock opened at $17.12 on Friday. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $31.77. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of -18.61 and a beta of 0.80. The business’s fifty day moving average price is $19.95 and its two-hundred day moving average price is $18.08.

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

Hedge Funds Weigh In On Bilibili

Large investors have recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in shares of Bilibili in the second quarter valued at approximately $3,115,000. Headlands Technologies LLC acquired a new position in Bilibili in the 2nd quarter valued at approximately $4,715,000. Renaissance Technologies LLC lifted its holdings in shares of Bilibili by 17.2% during the second quarter. Renaissance Technologies LLC now owns 601,066 shares of the company’s stock worth $9,280,000 after purchasing an additional 88,100 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Bilibili by 10.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock worth $272,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Beck Bode LLC acquired a new stake in Bilibili in the second quarter valued at $165,000. 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.