Bilibili (NASDAQ:BILI) Price Target Raised to $30.00 at Benchmark

Bilibili (NASDAQ:BILI) had its target price increased by Benchmark from $24.00 to $30.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 25.22% from the stock’s previous close.

A number of other analysts have also issued reports on BILI. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Bank of America increased their price target on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research report on Friday, October 25th. Barclays lifted their price objective on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Finally, Mizuho boosted their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.33.

Bilibili Price Performance

Shares of Bilibili stock traded up $1.85 during trading on Friday, reaching $23.96. 14,729,895 shares of the stock traded hands, compared to its average volume of 7,153,405. The business has a fifty day simple moving average of $18.21 and a two-hundred day simple moving average of $18.53. Bilibili has a 52-week low of $9.63 and a 52-week high of $31.77. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of -26.14 and a beta of 0.81.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. On average, research analysts predict that Bilibili will post -0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Several hedge funds have recently bought and sold shares of the stock. Signaturefd LLC increased its holdings in shares of Bilibili by 6.5% during the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after purchasing an additional 598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Bilibili by 26.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock worth $82,000 after acquiring an additional 735 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of Bilibili by 3.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,109 shares of the company’s stock worth $419,000 after acquiring an additional 749 shares during the period. Blue Trust Inc. boosted its holdings in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after purchasing an additional 891 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Bilibili by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 110,560 shares of the company’s stock worth $2,002,000 after acquiring an additional 1,140 shares during the period. Hedge funds and other institutional investors own 16.08% of the company’s stock.

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.