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

Shares of Bilibili Inc. (NASDAQ:BILI) have been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $17.19.

Several equities analysts have recently weighed in on the stock. Barclays raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $14.00 to $19.00 in a report on Friday, August 23rd. Morgan Stanley initiated coverage on Bilibili in a research note on Wednesday. They set an “equal weight” rating and a $20.00 target price for the company. UBS Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.90 to $18.00 in a research note on Friday, May 31st. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price on the stock in a research report on Tuesday, June 18th.

Bilibili Stock Performance

Shares of BILI opened at $18.27 on Thursday. The business’s 50-day moving average is $14.89 and its two-hundred day moving average is $14.25. The company has a market capitalization of $7.57 billion, a P/E ratio of -10.94 and a beta of 0.83. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $18.64.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same period last year, the business earned ($0.43) earnings per share. The firm’s revenue was up 15.5% on a year-over-year basis. Analysts forecast that Bilibili will post -0.4 EPS for the current year.

Hedge Funds Weigh In On Bilibili

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in shares of Bilibili in the 2nd quarter worth $29,336,000. OLD Mission Capital LLC purchased a new position in Bilibili during the first quarter worth about $14,849,000. Cubist Systematic Strategies LLC raised its stake in Bilibili by 385.3% during the second quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock worth $15,162,000 after purchasing an additional 779,614 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Bilibili in the 2nd quarter valued at approximately $11,490,000. Finally, SIH Partners LLLP grew its stake 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 buying an additional 709,200 shares during the period. Hedge funds and other 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.