Benchmark Issues Positive Forecast for Bilibili (NASDAQ:BILI) Stock Price

Bilibili (NASDAQ:BILI) had its target price hoisted by Benchmark from $16.00 to $24.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, August 22nd. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Mizuho boosted their price objective on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Sanford C. Bernstein boosted their price objective on shares of Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Bilibili currently has an average rating of “Moderate Buy” and a consensus target price of $19.24.

Bilibili Stock Down 1.6 %

NASDAQ:BILI traded down $0.29 during mid-day trading on Friday, hitting $18.30. 7,703,189 shares of the stock traded hands, compared to its average volume of 7,222,349. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of -13.66 and a beta of 0.86. Bilibili has a 52 week low of $8.80 and a 52 week high of $31.77. The firm’s 50 day moving average is $20.57 and its two-hundred day moving average is $16.95.

Bilibili (NASDAQ:BILI) last issued 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 for 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 business’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.43) earnings per share. As a group, research analysts predict that Bilibili will post -0.32 EPS for the current year.

Institutional Investors Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC lifted its position in Bilibili by 6.5% during the third quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after acquiring an additional 598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Bilibili by 26.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after purchasing an additional 735 shares in the last quarter. CWM LLC increased its stake in Bilibili by 61.9% during the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after purchasing an additional 853 shares in the last quarter. Blue Trust Inc. increased its stake in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after purchasing an additional 891 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Bilibili by 4.9% during the 2nd quarter. SG Americas Securities LLC now owns 33,711 shares of the company’s stock valued at $520,000 after purchasing an additional 1,569 shares in the last quarter. 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.