Mizuho Forecasts Strong Price Appreciation for Bilibili (NASDAQ:BILI) Stock

Bilibili (NASDAQ:BILI) had its price objective hoisted by equities research analysts at Mizuho from $17.00 to $21.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s target price suggests a potential downside of 1.27% from the stock’s previous close.

A number of other research firms also recently weighed in on BILI. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, August 22nd. Barclays raised Bilibili from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $14.00 to $19.00 in a report on Friday, August 23rd. Finally, Sanford C. Bernstein increased their target price on Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Friday, August 23rd. Three investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.51.

Bilibili Price Performance

Shares of Bilibili stock opened at $21.27 on Tuesday. Bilibili has a 1 year low of $8.80 and a 1 year high of $31.77. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of -15.87 and a beta of 0.86. The business has a fifty day simple moving average of $20.50 and a two-hundred day simple moving average of $16.94.

Bilibili (NASDAQ:BILI) last announced its 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). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same period in the previous year, the firm posted ($0.43) EPS. The business’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities analysts anticipate that Bilibili will post -0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bilibili

A number of hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its position in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after purchasing an additional 891 shares during the last quarter. CWM LLC lifted its stake in shares of Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after acquiring an additional 853 shares during the period. Venturi Wealth Management LLC bought a new stake in Bilibili in the third quarter valued at approximately $63,000. Sandia Investment Management LP acquired a new stake in Bilibili during the 1st quarter valued at approximately $112,000. Finally, Assetmark Inc. acquired a new stake in shares of Bilibili during the third quarter worth $159,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.