Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Stock Has Average Price Target of $29.39 According to Analysts

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $29.39.

Several research firms have issued reports on BILI. Morgan Stanley reiterated an “overweight” rating and set a $27.00 target price on shares of Bilibili in a research report on Thursday, August 27th. Piper Sandler set a $29.00 price target on Bilibili in a report on Friday, August 28th. Weiss Ratings upgraded Bilibili from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Benchmark restated a “buy” rating on shares of Bilibili in a research note on Friday, August 28th. Finally, BNP Paribas Exane began coverage on Bilibili in a report on Tuesday, September 22nd. They set an “outperform” rating and a $23.00 price objective on the stock.

Institutional Investors Weigh In On Bilibili

Several institutional investors have recently made changes to their positions in BILI. XY Capital Ltd increased its holdings in shares of Bilibili by 148.1% in the 2nd quarter. XY Capital Ltd now owns 253,880 shares of the company’s stock valued at $4,324,000 after purchasing an additional 151,563 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Bilibili by 121.1% during the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock worth $11,445,000 after buying an additional 277,900 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Bilibili by 230.5% during the first quarter. Hsbc Holdings PLC now owns 199,039 shares of the company’s stock worth $4,458,000 after buying an additional 138,810 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Bilibili during the second quarter worth about $903,000. Finally, Quadrant Capital Group LLC grew its position in Bilibili by 222.5% during the third quarter. Quadrant Capital Group LLC now owns 113,456 shares of the company’s stock worth $1,700,000 after buying an additional 78,276 shares during the period. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Bilibili Stock Up 2.7%

BILI stock opened at $14.25 on Tuesday. The stock has a market capitalization of $5.91 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.26 and a beta of 0.64. The company has a fifty day moving average of $14.71 and a 200-day moving average of $20.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32. Bilibili has a one year low of $12.64 and a one year high of $36.40.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Saturday, August 15th. The company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $1.17 billion for the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. As a group, analysts expect that Bilibili will post 0.60 EPS for the current year.

About Bilibili

Bilibili Inc is a China-based online entertainment platform focused on video content and communities built around anime, comics, games and broader youth culture. The company offers professionally produced and user-generated videos, with content spanning entertainment, lifestyle, technology, education and other interests.

Its services include video streaming, live broadcasting, mobile games and value-added services such as memberships, virtual items and other interactive features. Bilibili also generates revenue through advertising and related content and e-commerce activities.

Founded in 2009 and headquartered in Shanghai, Bilibili serves users primarily in China through its website and mobile applications.