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

Bilibili Inc. (NASDAQ:BILI) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $15.79.

A number of analysts recently weighed in on the stock. Citigroup lowered shares of Bilibili from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $12.50 in a report on Monday, March 11th. UBS Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and upped their target price for the stock from $11.90 to $18.00 in a report on Friday, May 31st. Barclays raised shares of Bilibili from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $10.00 to $14.00 in a report on Friday, May 24th. Mizuho upped their target price on shares of Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Benchmark increased their price target on shares of Bilibili from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, May 24th.

Hedge Funds Weigh In On Bilibili

Several institutional investors and hedge funds have recently made changes to their positions in the business. Swedbank AB bought a new position in shares of Bilibili during the 1st quarter valued at $645,000. Janus Henderson Group PLC bought a new position in shares of Bilibili during the 1st quarter valued at $3,918,000. Sandia Investment Management LP bought a new position in shares of Bilibili during the 1st quarter valued at $112,000. Quadrature Capital Ltd bought a new position in shares of Bilibili during the 1st quarter valued at $456,000. Finally, OLD Mission Capital LLC bought a new position in shares of Bilibili during the 1st quarter valued at $14,849,000. Institutional investors own 16.08% of the company’s stock.

Bilibili Trading Down 5.0 %

Shares of BILI stock opened at $14.73 on Tuesday. The stock has a market capitalization of $6.07 billion, a P/E ratio of -8.82 and a beta of 0.89. The firm’s 50 day moving average is $13.72 and its 200 day moving average is $11.85. Bilibili has a 12 month low of $8.80 and a 12 month high of $19.15.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, May 23rd. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The business had revenue of $791.16 million for the quarter, compared to analyst estimates of $775.06 million. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.62%. On average, equities analysts predict that Bilibili will post -0.5 EPS for the current year.

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.