Bilibili Inc. (NASDAQ:BILI) Receives Average Rating of “Moderate Buy” from Analysts

Bilibili Inc. (NASDAQ:BILI) has been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $19.69.

Several research firms have recently issued reports on BILI. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $16.50 to $22.60 in a research report on Thursday, September 26th. Mizuho boosted their price objective on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Bank of America lifted their price target on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Barclays upped their price objective on shares of Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, November 18th.

Bilibili Stock Performance

Shares of BILI stock opened at $18.84 on Friday. The firm’s 50 day moving average price is $20.20 and its two-hundred day moving average price is $17.98. Bilibili has a 52-week low of $8.80 and a 52-week high of $31.77. The stock has a market cap of $7.81 billion, a PE ratio of -20.48 and a beta of 0.80.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its stake in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after acquiring an additional 891 shares in the last quarter. TD Private Client Wealth LLC bought a new position in shares of Bilibili during the 3rd quarter worth approximately $53,000. Venturi Wealth Management LLC acquired a new stake 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 lifted its position in shares of Bilibili by 26.3% in 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 worth $82,000 after purchasing an additional 735 shares in the last quarter. Finally, Assetmark Inc. acquired a new position in Bilibili during the third quarter worth $159,000. 16.08% of the stock is owned by institutional investors and hedge funds.

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.