Benchmark Raises Bilibili (NASDAQ:BILI) Price Target to $30.00

Bilibili (NASDAQ:BILI) had its price target increased by analysts at Benchmark from $24.00 to $30.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective points to a potential upside of 31.46% from the stock’s previous close.

BILI has been the subject of a number of other research reports. Mizuho upped their price target on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Barclays increased their target price on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Bank of America increased their target price on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.33.

Bilibili Price Performance

NASDAQ BILI opened at $22.82 on Friday. Bilibili has a 12 month low of $9.63 and a 12 month high of $31.77. The company has a 50-day moving average of $18.27 and a 200-day moving average of $18.60. The company has a market cap of $9.46 billion, a P/E ratio of -50.71 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last issued its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Bilibili had a negative return on equity of 8.28% and a negative net margin of 5.01%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. As a group, equities research analysts anticipate that Bilibili will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Bilibili

Several large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Bilibili during the fourth quarter valued at $2,689,000. Vise Technologies Inc. acquired a new position in shares of Bilibili during the fourth quarter valued at $329,000. Vident Advisory LLC increased its holdings in shares of Bilibili by 15.1% during the fourth quarter. Vident Advisory LLC now owns 17,226 shares of the company’s stock valued at $312,000 after purchasing an additional 2,263 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Bilibili by 37.1% during the fourth quarter. Quantinno Capital Management LP now owns 32,296 shares of the company’s stock valued at $585,000 after purchasing an additional 8,739 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in shares of Bilibili during the fourth quarter valued at $272,000. 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.