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

Bilibili (NASDAQ:BILI) had its price target boosted by Barclays from $19.00 to $24.00 in a research note published on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

BILI has been the subject of a number of other research reports. Bank of America upped their price target on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research report on Friday, October 25th. Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein upped their price target on Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Benchmark upped their price target on Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Mizuho upped their price objective on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Bilibili has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

Bilibili Stock Performance

Bilibili stock opened at $18.88 on Monday. The stock has a market cap of $7.82 billion, a PE ratio of -20.86 and a beta of 0.86. Bilibili has a one year low of $8.80 and a one year high of $31.77. The stock has a fifty day moving average of $20.85 and a 200 day moving average of $17.12.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.47. The business had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.39) earnings per share. As a group, sell-side analysts predict that Bilibili will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Bilibili

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BILI. Quarry LP bought a new position in Bilibili during the second quarter valued at approximately $29,336,000. First Beijing Investment Ltd boosted its stake in Bilibili by 96.2% during the third quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after buying an additional 1,860,496 shares during the last quarter. BNP Paribas Financial Markets boosted its stake 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 buying an additional 1,823,829 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Bilibili by 14,710.1% during the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock valued at $41,205,000 after buying an additional 1,750,500 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in Bilibili during the first quarter valued at approximately $14,849,000. 16.08% of the stock is owned by institutional investors.

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.