Analysts Set Bilibili Inc. (NASDAQ:BILI) Target Price at $21.11

Bilibili Inc. (NASDAQ:BILI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $21.11.

A number of equities research analysts recently issued reports on the stock. Benchmark upped their price target on shares of Bilibili from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Barclays increased their price target on shares of Bilibili from $24.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Nomura Securities cut Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Institutional Trading of Bilibili

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Bilibili by 26.3% in the third 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 purchasing an additional 735 shares during the last quarter. Quantinno Capital Management LP grew its stake in Bilibili by 17.1% in the 3rd quarter. Quantinno Capital Management LP now owns 23,557 shares of the company's stock worth $551,000 after acquiring an additional 3,439 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of Bilibili by 1,064.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company's stock valued at $4,449,000 after acquiring an additional 173,941 shares in the last quarter. Barclays PLC raised its stake in shares of Bilibili by 13.5% during the third quarter. Barclays PLC now owns 127,563 shares of the company's stock valued at $2,982,000 after acquiring an additional 15,136 shares in the last quarter. Finally, TD Private Client Wealth LLC purchased a new stake in shares of Bilibili in the third quarter valued at approximately $53,000. Hedge funds and other institutional investors own 16.08% of the company's stock.

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Bilibili Price Performance

Shares of Bilibili stock traded up $0.76 during trading on Monday, reaching $16.68. 8,780,010 shares of the stock traded hands, compared to its average volume of 6,924,002. Bilibili has a 52-week low of $10.84 and a 52-week high of $31.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. The business has a fifty day simple moving average of $19.72 and a two-hundred day simple moving average of $19.83. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of -37.07 and a beta of 0.95.

Bilibili (NASDAQ:BILI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. Sell-side analysts expect that Bilibili will post 0.16 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.