Bilibili Inc. (NASDAQ:BILI) Given Consensus Rating of “Moderate Buy” by Analysts

Bilibili Inc. (NASDAQ:BILI) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $16.91.

A number of research analysts have commented on BILI shares. UBS Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.90 to $18.00 in a research report on Friday, May 31st. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price on the stock in a research report on Tuesday, June 18th. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 22nd. Nomura Securities raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Finally, Barclays raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $14.00 to $19.00 in a research report on Friday, August 23rd.

Institutional Trading of Bilibili

Institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its stake in Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares in the last quarter. Parallel Advisors LLC boosted its stake in Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after purchasing an additional 1,734 shares in the last quarter. Sandia Investment Management LP acquired a new stake in Bilibili during the 1st quarter valued at approximately $112,000. Quadrant Capital Group LLC lifted its stake in Bilibili by 19.3% during the 4th quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock valued at $125,000 after acquiring an additional 1,667 shares during the period. Finally, Beck Bode LLC acquired a new stake in Bilibili during the 2nd quarter valued at approximately $165,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Price Performance

BILI stock opened at $14.83 on Thursday. The company has a market capitalization of $6.12 billion, a PE ratio of -8.88 and a beta of 0.83. Bilibili has a 12 month low of $8.80 and a 12 month high of $18.19. The firm’s 50-day moving average is $14.84 and its 200 day moving average is $14.03.

Bilibili (NASDAQ:BILI) last posted 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 company had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.43) EPS. Sell-side analysts forecast that Bilibili will post -0.4 EPS for the current fiscal year.

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.