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

Bilibili Inc. (NASDAQ:BILI) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $18.15.

Several equities research analysts have issued reports on the company. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.50 to $22.60 in a research report on Thursday, September 26th. Daiwa Capital Markets downgraded Bilibili from an “outperform” rating to a “neutral” rating in a research report on Thursday, October 3rd. Bank of America lifted their price objective on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Daiwa America lowered Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley began coverage on Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price objective for the company.

Bilibili Trading Up 8.9 %

Bilibili stock opened at $24.13 on Friday. Bilibili has a 12 month low of $8.80 and a 12 month high of $31.77. The business’s 50 day simple moving average is $19.92 and its 200 day simple moving average is $16.64. The company has a market cap of $10.00 billion, a price-to-earnings ratio of -18.01 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The company had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) EPS. As a group, equities research analysts forecast that Bilibili will post -0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Several hedge funds have recently added to or reduced their stakes in BILI. Blue Trust Inc. lifted its stake in Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after purchasing an additional 891 shares during the last quarter. CWM LLC lifted its stake in Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Bilibili in the third quarter worth about $63,000. Sandia Investment Management LP purchased a new position in shares of Bilibili in the first quarter worth about $112,000. Finally, Assetmark Inc. purchased a new position in shares of Bilibili in the third quarter worth about $159,000. Institutional investors own 16.08% of the company’s stock.

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.