Bilibili Inc. (NASDAQ:BILI) Receives $16.68 Average PT from Analysts

Shares of Bilibili Inc. (NASDAQ:BILI) have earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $16.68.

A number of research firms have recently issued reports on BILI. Sanford C. Bernstein increased their target price on Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Barclays raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 22nd. UBS Group raised Bilibili from a “neutral” rating to a “buy” rating and increased their price target for the company from $11.90 to $18.00 in a report on Friday, May 31st. Finally, Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd.

Hedge Funds Weigh In On Bilibili

Several large investors have recently added to or reduced their stakes in BILI. Point72 Asset Management L.P. bought a new stake in Bilibili during the second quarter valued at $8,128,000. Quarry LP acquired a new position in Bilibili in the second quarter valued at approximately $29,336,000. Creative Planning grew its holdings in shares of Bilibili by 6.7% during the second quarter. Creative Planning now owns 25,819 shares of the company’s stock valued at $399,000 after purchasing an additional 1,632 shares during the last quarter. SIH Partners LLLP boosted its position in Bilibili by 145.9% during the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock valued at $18,457,000 after purchasing an additional 709,200 shares during the period. Finally, Susquehanna International Group Ltd. increased its position in Bilibili by 23.2% in the second quarter. Susquehanna International Group Ltd. now owns 47,124 shares of the company’s stock worth $728,000 after buying an additional 8,878 shares during the period. 16.08% of the stock is currently owned by institutional investors.

Bilibili Price Performance

BILI opened at $14.38 on Friday. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of -8.61 and a beta of 0.85. The business has a 50-day moving average of $15.18 and a two-hundred day moving average of $13.59. Bilibili has a 12 month low of $8.80 and a 12 month high of $18.19.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data 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 business 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 26.46% and a negative net margin of 21.41%. Bilibili’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.43) earnings per share. Equities research analysts anticipate that Bilibili will post -0.46 earnings per share 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.