Bilibili (NASDAQ:BILI) Price Target Raised to $25.00

Bilibili (NASDAQ:BILI - Free Report) had its price objective hoisted by Barclays from $24.00 to $25.00 in a report released on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms also recently commented on BILI. Daiwa Capital Markets raised Bilibili from a "neutral" rating to a "buy" rating in a report on Friday, November 8th. Bank of America increased their price objective on shares of Bilibili from $19.00 to $22.50 and gave the company a "buy" rating in a research report on Friday, October 25th. Benchmark raised their price objective on shares of Bilibili from $16.00 to $24.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Mizuho upped their target price on shares of Bilibili from $17.00 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, Daiwa America raised shares of Bilibili from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.33.

Bilibili Stock Up 3.8 %

Shares of NASDAQ:BILI traded up $0.77 during midday trading on Friday, reaching $21.30. The company's stock had a trading volume of 8,554,207 shares, compared to its average volume of 7,608,427. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $18.29 and a 200-day moving average of $18.67. The firm has a market capitalization of $8.83 billion, a P/E ratio of -47.33 and a beta of 0.81. Bilibili has a 12-month low of $9.63 and a 12-month high of $31.77.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its earnings results 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. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. On average, research analysts anticipate that Bilibili will post 0.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BILI. Avior Wealth Management LLC increased its position in shares of Bilibili by 1,817.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company's stock valued at $27,000 after purchasing an additional 1,436 shares during the last quarter. Blue Trust Inc. grew its position in Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock valued at $30,000 after buying an additional 891 shares during the period. TD Private Client Wealth LLC purchased a new stake in Bilibili during the third quarter valued at approximately $53,000. Federated Hermes Inc. bought a new position in Bilibili in the fourth quarter worth approximately $55,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Bilibili during the 3rd quarter worth $63,000. 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.