Barclays Forecasts Strong Price Appreciation for Bilibili (NASDAQ:BILI) Stock

Bilibili (NASDAQ:BILI) had its target price increased by equities researchers at Barclays from $24.00 to $25.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 13.07% from the company’s previous close.

A number of other brokerages have also weighed in on BILI. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Bank of America lifted their price objective on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research report on Friday, October 25th. Benchmark lifted their price target on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Mizuho lifted their price target on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Three investment 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. According to MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and a consensus price target of $19.78.

Bilibili Trading Up 8.8 %

Shares of NASDAQ BILI opened at $22.11 on Friday. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of -24.03 and a beta of 0.81. Bilibili has a 1-year low of $9.63 and a 1-year high of $31.77. The stock’s 50-day moving average is $18.21 and its 200 day moving average is $18.53.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. On average, analysts forecast that Bilibili will post -0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Hedge funds have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd boosted its holdings in Bilibili by 1,064.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock worth $4,449,000 after acquiring an additional 173,941 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings 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 worth $30,258,000 after acquiring an additional 311,073 shares in the last quarter. US Bancorp DE boosted its holdings in Bilibili by 882.4% in the third quarter. US Bancorp DE now owns 70,999 shares of the company’s stock worth $1,660,000 after acquiring an additional 63,772 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Bilibili by 208.4% in the third quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock worth $42,260,000 after purchasing an additional 1,221,433 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Bilibili in the third quarter worth $921,000. 16.08% of the stock is 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.