Bilibili (NASDAQ:BILI) PT Raised to $19.00 at Bank of America

Bilibili (NASDAQ:BILI) had its target price increased by stock analysts at Bank of America from $18.00 to $19.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective suggests a potential upside of 26.41% from the company’s current price.

A number of other analysts have also recently commented on the stock. Nomura Securities upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, August 22nd. Mizuho lifted their target price on shares of Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Barclays upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $14.00 to $19.00 in a research note on Friday, August 23rd. Finally, Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and a consensus target price of $16.91.

Bilibili Stock Performance

NASDAQ:BILI opened at $15.03 on Tuesday. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $18.19. The stock has a market capitalization of $6.21 billion, a P/E ratio of -9.00 and a beta of 0.85. The company’s 50-day simple moving average is $15.06 and its 200-day simple moving average is $13.67.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The company had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.43) earnings per share. On average, research analysts forecast that Bilibili will post -0.4 EPS for the current year.

Hedge Funds Weigh In On Bilibili

Large investors have recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after purchasing an additional 853 shares during the period. Parallel Advisors LLC lifted its stake in shares of Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after purchasing an additional 1,734 shares during the period. Sandia Investment Management LP acquired a new position in shares of Bilibili in the 1st quarter valued at $112,000. Quadrant Capital Group LLC lifted its stake in shares of Bilibili by 19.3% in the 4th quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock valued at $125,000 after purchasing an additional 1,667 shares during the period. Finally, Beck Bode LLC acquired a new position in shares of Bilibili in the 2nd quarter valued at $165,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.