Bilibili (NASDAQ:BILI) Stock Price Expected to Rise, Barclays Analyst Says

Bilibili (NASDAQ:BILI) had its price objective lifted by research analysts at Barclays from $24.00 to $25.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 9.55% from the stock’s previous close.

Several other equities research analysts have also issued reports on BILI. Mizuho lifted their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Bank of America lifted their price target on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Benchmark lifted their price target on shares of Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.33.

Bilibili Trading Up 3.2 %

Shares of BILI stock opened at $22.82 on Friday. Bilibili has a 1 year low of $9.63 and a 1 year high of $31.77. The firm’s fifty day moving average price is $18.27 and its two-hundred day moving average price is $18.60. The firm has a market capitalization of $9.46 billion, a P/E ratio of -50.71 and a beta of 0.81.

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

Institutional Trading of Bilibili

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in shares of Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after buying an additional 891 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of Bilibili by 1,817.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after buying an additional 1,436 shares during the period. TD Private Client Wealth LLC bought a new stake in shares of Bilibili during the 3rd quarter worth about $53,000. Venturi Wealth Management LLC bought a new stake in shares of Bilibili during the 3rd quarter worth about $63,000. Finally, Federated Hermes Inc. bought a new stake in shares of Bilibili during the 4th quarter worth about $55,000. Institutional investors 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.