Bilibili Inc. (NASDAQ:BILI) Given Average Rating of “Moderate Buy” by Brokerages

Bilibili Inc. (NASDAQ:BILI) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $21.11.

A number of brokerages have commented on BILI. Barclays lifted their target price on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Benchmark boosted their price objective on Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Nomura Securities downgraded Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Bilibili Trading Down 6.5 %

NASDAQ:BILI opened at $21.29 on Thursday. The company has a market cap of $8.82 billion, a PE ratio of -47.31 and a beta of 0.93. The business’s 50 day moving average is $18.88 and its two-hundred day moving average is $19.28. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. Bilibili has a 52 week low of $10.37 and a 52 week high of $31.77.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. On average, analysts predict that Bilibili will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Bilibili

Hedge funds have recently made changes to their positions in the company. Jennison Associates LLC boosted its stake in shares of Bilibili by 26.4% during the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock valued at $41,386,000 after buying an additional 477,740 shares during the period. BNP Paribas Financial Markets boosted its position in Bilibili by 422.0% during the third quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock valued at $52,747,000 after purchasing an additional 1,823,829 shares during the last quarter. Two Sigma Advisers LP increased its position in Bilibili by 14,710.1% in the 3rd quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock worth $41,205,000 after purchasing an additional 1,750,500 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Bilibili by 16.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company’s stock worth $27,240,000 after purchasing an additional 209,963 shares in the last quarter. Finally, Trexquant Investment LP raised its stake in shares of Bilibili by 9.3% during the 4th quarter. Trexquant Investment LP now owns 754,875 shares of the company’s stock worth $13,671,000 after purchasing an additional 63,960 shares in the last quarter. Hedge funds and other 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.