Benchmark Increases Bilibili (NASDAQ:BILI) Price Target to $24.00

Bilibili (NASDAQ:BILI) had its price objective increased by equities research analysts at Benchmark from $16.00 to $24.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective would suggest a potential upside of 31.15% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Barclays raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. Mizuho lifted their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Bank of America boosted their target price on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.24.

Bilibili Trading Down 1.6 %

Shares of BILI stock opened at $18.30 on Friday. The stock has a 50-day moving average of $20.63 and a 200-day moving average of $16.99. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of -13.66 and a beta of 0.86. Bilibili has a 1-year low of $8.80 and a 1-year high of $31.77.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (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 firm had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter in the previous year, the business posted ($0.43) EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. Sell-side analysts forecast that Bilibili will post -0.32 earnings per share for the current year.

Institutional Trading of Bilibili

Several institutional investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Bilibili by 227.3% during the third 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 boosted its stake in shares of Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after buying an additional 853 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Bilibili in the third quarter valued at approximately $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Bilibili by 26.3% during the third 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 acquiring an additional 735 shares during the last quarter. Finally, Assetmark Inc. bought a new stake in Bilibili during the third quarter worth $159,000. Institutional investors 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.