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

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

A number of analysts recently weighed in on BILI shares. Bank of America raised their target price on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. Benchmark lifted their target price on Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Mizuho boosted their target price on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Barclays boosted their price objective on Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday, November 18th.

Hedge Funds Weigh In On Bilibili

A number of large investors have recently modified their holdings of the business. SIH Partners LLLP grew its position in shares of Bilibili by 145.9% in the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock valued at $18,457,000 after acquiring an additional 709,200 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in Bilibili by 1,064.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock worth $4,449,000 after purchasing an additional 173,941 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Bilibili during the second quarter worth approximately $7,799,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Bilibili by 31.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock valued at $30,258,000 after buying an additional 311,073 shares during the period. Finally, US Bancorp DE lifted its position in shares of 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 buying an additional 63,772 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Trading Up 2.8 %

NASDAQ BILI opened at $16.89 on Wednesday. The company has a 50-day moving average price of $18.46 and a two-hundred day moving average price of $18.14. Bilibili has a 52 week low of $8.81 and a 52 week high of $31.77. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of -18.36 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47. The business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.14 billion. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The company’s revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.39) earnings per share. As a group, equities research analysts expect that Bilibili will post -0.27 earnings per share 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.