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

Bilibili Inc. (NASDAQ:BILI) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities 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. The average 1 year target price among brokerages that have covered the stock in the last year is $19.69.

A number of brokerages have commented on BILI. Barclays upped their price objective on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Benchmark upped their price objective on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 15th. Bank of America increased their target price on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. Mizuho increased their target price on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th.

Bilibili Price Performance

Shares of NASDAQ BILI opened at $21.99 on Friday. The stock’s fifty day moving average price is $18.19 and its two-hundred day moving average price is $18.39. Bilibili has a one year low of $9.63 and a one year high of $31.77. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of -23.90 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $7.14 billion. During the same period in the prior year, the firm posted ($0.39) EPS. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, equities analysts anticipate that Bilibili will post -0.39 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

Several large investors have recently bought and sold shares of the business. Northern Trust Corp boosted its stake in Bilibili by 164.2% in the fourth quarter. Northern Trust Corp now owns 235,099 shares of the company’s stock valued at $4,258,000 after buying an additional 146,111 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Bilibili in the fourth quarter valued at about $200,000. Jump Financial LLC bought a new position in Bilibili in the fourth quarter valued at about $11,584,000. XTX Topco Ltd bought a new position in Bilibili in the fourth quarter valued at about $227,000. Finally, Mariner LLC raised its position in Bilibili by 8.8% in the fourth quarter. Mariner LLC now owns 24,787 shares of the company’s stock valued at $449,000 after purchasing an additional 1,997 shares during the last quarter. 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.