Brokerages Set Bilibili Inc. (NASDAQ:BILI) Price Target at $17.83

Bilibili Inc. (NASDAQ:BILI) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $17.83.

A number of brokerages have issued reports on BILI. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and upped their target price for the stock from $16.50 to $22.60 in a research report on Thursday, September 26th. Sanford C. Bernstein upped their target price on Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Barclays raised Bilibili from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. Finally, Daiwa Capital Markets cut Bilibili from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 3rd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BILI. SpiderRock Advisors LLC acquired a new position in shares of Bilibili in the first quarter valued at $1,421,000. BNP Paribas Financial Markets raised its stake in shares of Bilibili by 62.6% in the first quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company’s stock valued at $3,483,000 after purchasing an additional 119,747 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Bilibili in the first quarter valued at $951,000. GSA Capital Partners LLP acquired a new position in shares of Bilibili in the first quarter valued at $460,000. Finally, SIH Partners LLLP raised its stake in Bilibili by 761.2% during the first quarter. SIH Partners LLLP now owns 486,220 shares of the company’s stock worth $5,446,000 after acquiring an additional 429,760 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Stock Performance

Shares of NASDAQ BILI opened at $20.15 on Monday. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of -12.07 and a beta of 0.86. The business has a 50 day simple moving average of $17.74 and a 200 day simple moving average of $15.63. Bilibili has a 52 week low of $8.80 and a 52 week high of $31.77.

Bilibili (NASDAQ:BILI) last announced its quarterly 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). The firm had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.43) EPS. On average, analysts predict that Bilibili will post -0.37 EPS for the current year.

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.