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

Shares of Bilibili Inc. (NASDAQ:BILI) have received a consensus rating of “Buy” from the fifteen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $97.75.

BILI has been the topic of several analyst reports. Zacks Investment Research raised shares of Bilibili from a “sell” rating to a “hold” rating in a research note on Thursday, August 26th. KGI Securities began coverage on shares of Bilibili in a research report on Monday, September 6th. They issued an “outperform” rating for the company. HSBC dropped their target price on shares of Bilibili from $140.00 to $127.00 and set a “buy” rating for the company in a research report on Friday, August 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of Bilibili in a research report on Friday, August 13th. They issued a “buy” rating and a $110.00 target price for the company. Finally, The Goldman Sachs Group dropped their target price on shares of Bilibili from $122.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, August 24th.

Several hedge funds have recently added to or reduced their stakes in BILI. Sowell Financial Services LLC bought a new stake in shares of Bilibili during the 1st quarter worth about $27,000. Acadian Asset Management LLC bought a new stake in shares of Bilibili during the 1st quarter worth about $27,000. EMC Capital Management bought a new stake in shares of Bilibili during the 1st quarter worth about $48,000. JTC Employer Solutions Trusteee Ltd bought a new stake in shares of Bilibili during the 2nd quarter worth about $49,000. Finally, Quadrant Capital Group LLC raised its position in shares of Bilibili by 106.1% during the 1st quarter. Quadrant Capital Group LLC now owns 470 shares of the company’s stock worth $50,000 after buying an additional 242 shares in the last quarter. Institutional investors own 48.13% of the company’s stock.

Shares of BILI stock traded up $3.22 during mid-day trading on Wednesday, reaching $73.78. The company’s stock had a trading volume of 3,315,580 shares, compared to its average volume of 5,704,448. The company’s 50 day simple moving average is $83.97 and its 200-day simple moving average is $99.58. Bilibili has a 12-month low of $40.40 and a 12-month high of $157.66. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $23.02 billion, a PE ratio of -44.71 and a beta of 1.19.

Bilibili (NASDAQ:BILI) last issued its earnings results on Wednesday, August 18th. The company reported ($2.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($1.68). Bilibili had a negative net margin of 25.45% and a negative return on equity of 23.68%. The business had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the business posted ($1.35) EPS. The business’s revenue was up 71.7% on a year-over-year basis. As a group, research analysts anticipate that Bilibili will post -2.28 EPS for the current fiscal year.

About Bilibili

Bilibili, Inc is a holding company, which represents the iconic brand of online entertainment for young generations in China. It offers a wide array of content serving young generations’ diverse interests. The firm enables broad video-based content consumption scenarios centered around professional user generated videos, or professional user generated videos (PUGV), supplemented with live broadcasting, occupationally generated videos, or occupationally generated videos (OGV), and more.

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Analyst Recommendations for Bilibili (NASDAQ:BILI)

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