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

Shares of Bilibili Inc. (NASDAQ:BILI) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $20.33.

A number of equities analysts have issued reports on BILI shares. Benchmark increased their price target on Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday. Barclays increased their price target on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Mizuho increased their price target on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th.

Bilibili Price Performance

BILI opened at $22.82 on Friday. Bilibili has a 12 month low of $9.63 and a 12 month high of $31.77. The stock has a market cap of $9.46 billion, a P/E ratio of -50.71 and a beta of 0.81. The stock’s 50 day moving average price is $18.27 and its 200 day moving average price is $18.60.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Bilibili had a negative return on equity of 8.28% and a negative net margin of 5.01%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Equities analysts anticipate that Bilibili will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Bilibili

Several large investors have recently modified their holdings of the stock. First Beijing Investment Ltd boosted its stake in shares of Bilibili by 96.2% during the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock worth $88,694,000 after acquiring an additional 1,860,496 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Bilibili by 26.4% in the fourth quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock worth $41,386,000 after buying an additional 477,740 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Bilibili by 422.0% in the third quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock worth $52,747,000 after buying an additional 1,823,829 shares during the period. Two Sigma Advisers LP boosted its position in shares of Bilibili by 14,710.1% in the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock worth $41,205,000 after buying an additional 1,750,500 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Bilibili by 16.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company’s stock worth $27,240,000 after buying an additional 209,963 shares during the period. 16.08% of the stock is owned by 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.