Brokerages Set Bilibili Inc. (NASDAQ:BILI) Target Price at $16.91

Shares of Bilibili Inc. (NASDAQ:BILI) have received an average rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $16.91.

A number of research analysts recently weighed in on BILI shares. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 22nd. Daiwa America upgraded Bilibili from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 price objective for the company in a research note on Tuesday, June 18th. UBS Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and upped their price target for the stock from $11.90 to $18.00 in a report on Friday, May 31st. Finally, Bank of America lifted their target price on Bilibili from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd.

Hedge Funds Weigh In On Bilibili

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in Bilibili by 62.6% during the 1st quarter. BNP Paribas Financial Markets now owns 310,999 shares of the company’s stock worth $3,483,000 after buying an additional 119,747 shares during the last quarter. Natixis acquired a new position in shares of Bilibili during the first quarter valued at about $537,000. Janney Montgomery Scott LLC purchased a new position in shares of Bilibili in the 1st quarter valued at approximately $951,000. GSA Capital Partners LLP acquired a new stake in Bilibili in the 1st quarter worth approximately $460,000. Finally, Swedbank AB purchased a new stake in Bilibili during the 1st quarter worth approximately $645,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Stock Performance

Shares of NASDAQ:BILI opened at $15.90 on Thursday. Bilibili has a 52-week low of $8.80 and a 52-week high of $18.19. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of -9.52 and a beta of 0.83. The stock’s 50-day simple moving average is $14.78 and its two-hundred day simple moving average is $14.11.

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

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.