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

Bilibili Inc. (NASDAQ:BILI) has been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $19.69.

A number of research firms have recently commented on BILI. Barclays boosted their target price on shares of Bilibili from $19.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Nomura Securities upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $16.50 to $22.60 in a report on Thursday, September 26th. Finally, Bank of America lifted their price objective on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th.

Institutional Trading of Bilibili

Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC grew its stake in Bilibili by 6.5% in the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after buying an additional 598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Bilibili by 26.3% in 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 acquiring an additional 735 shares in the last quarter. CWM LLC increased its position in shares of Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after purchasing an additional 853 shares during the period. Blue Trust Inc. boosted its stake 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 buying an additional 891 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Bilibili by 4.9% during the 2nd quarter. SG Americas Securities LLC now owns 33,711 shares of the company’s stock worth $520,000 after acquiring an additional 1,569 shares during the period. 16.08% of the stock is owned by institutional investors.

Bilibili Stock Up 3.9 %

Shares of NASDAQ:BILI opened at $19.92 on Tuesday. The business has a fifty day simple moving average of $21.41 and a 200-day simple moving average of $17.35. Bilibili has a 52 week low of $8.80 and a 52 week high of $31.77. The company has a market cap of $8.25 billion, a P/E ratio of -21.65 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.10 by $0.47. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.14 billion. During the same period in the prior year, the firm posted ($0.39) earnings per share. The firm’s revenue was up 25.8% on a year-over-year basis. Sell-side analysts expect that Bilibili will post -0.34 earnings per share 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.