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

Bilibili Inc. (NASDAQ:BILI) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $19.69.

Several equities analysts recently issued reports on the company. Barclays upped their price objective on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Mizuho upped their price objective on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Bank of America upped their price objective on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th.

Bilibili Stock Up 2.1 %

Shares of BILI opened at $17.34 on Wednesday. The business’s 50 day moving average price is $18.39 and its 200-day moving average price is $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 $7.19 billion, a P/E ratio of -18.85 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last issued 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. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The firm had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.14 billion. During the same period in the previous year, the firm posted ($0.39) EPS. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. On average, equities analysts anticipate that Bilibili will post -0.27 EPS for the current year.

Institutional Investors Weigh In On Bilibili

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC increased its stake in shares of Bilibili by 6.5% in the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock worth $228,000 after purchasing an additional 598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 purchasing an additional 735 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Bilibili by 227.3% in 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. Avior Wealth Management LLC increased its stake in shares of Bilibili by 1,817.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Bilibili by 6.7% in the 2nd quarter. Creative Planning now owns 25,819 shares of the company’s stock worth $399,000 after purchasing an additional 1,632 shares in the last quarter. 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.