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

Shares of Bilibili Inc. (NASDAQ:BILI) have earned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $19.69.

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

Bilibili Trading Down 2.4 %

BILI opened at $17.05 on Wednesday. The business’s 50 day moving average is $18.71 and its 200-day moving average is $18.14. The stock has a market cap of $7.07 billion, a PE ratio of -18.53 and a beta of 0.81. Bilibili has a twelve month low of $8.80 and a twelve month high of $31.77.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, November 14th. The company reported $0.57 earnings per share for the quarter, beating 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 firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter in the previous year, the business earned ($0.39) EPS. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. As a group, analysts forecast that Bilibili will post -0.27 EPS for the current year.

Institutional Trading of Bilibili

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Avior Wealth Management LLC increased its position in shares of Bilibili by 1,817.7% in the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after acquiring an additional 1,436 shares in the last quarter. TD Private Client Wealth LLC acquired a new position in Bilibili in the 3rd quarter worth approximately $53,000. Barclays PLC grew its position in Bilibili by 13.5% during the 3rd quarter. Barclays PLC now owns 127,563 shares of the company’s stock worth $2,982,000 after purchasing an additional 15,136 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in Bilibili by 1,064.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock valued at $4,449,000 after purchasing an additional 173,941 shares during the period. Finally, Main Management ETF Advisors LLC acquired a new stake in Bilibili during the 3rd quarter valued at $1,361,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.