Bilibili Inc. (NASDAQ:BILI) Receives $19.69 Consensus Price Target from Analysts

Bilibili Inc. (NASDAQ:BILI - Get Free Report) has earned an average rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the company, Marketbeat reports. 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. The average 12-month price objective among analysts that have covered the stock in the last year is $19.69.

A number of brokerages recently issued reports on BILI. Benchmark increased their price objective on Bilibili from $16.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Sanford C. Bernstein boosted their target price on Bilibili from $12.00 to $13.00 and gave the stock a "market perform" rating in a research report on Friday, August 23rd. Nomura raised Bilibili from a "neutral" rating to a "buy" rating and set a $18.00 price target on the stock in a research note on Thursday, August 22nd. The Goldman Sachs Group raised Bilibili from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Finally, Daiwa America raised Bilibili from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 8th.

Bilibili Stock Down 3.5 %

NASDAQ:BILI traded down $0.69 during trading on Tuesday, reaching $19.23. The company's stock had a trading volume of 11,822,891 shares, compared to its average volume of 7,095,403. The firm has a 50 day moving average of $21.41 and a 200-day moving average of $17.35. Bilibili has a 12 month low of $8.80 and a 12 month high of $31.77.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.47. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter in the prior year, the company earned ($0.39) EPS. The business's revenue for the quarter was up 25.8% on a year-over-year basis. Analysts forecast that Bilibili will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Bilibili

Hedge funds and other institutional investors have recently modified their holdings of the business. SIH Partners LLLP raised its holdings in shares of Bilibili by 145.9% in the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company's stock worth $18,457,000 after buying an additional 709,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Bilibili in the second quarter worth approximately $7,799,000. Swedbank AB purchased a new position in Bilibili during the 1st quarter worth $645,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Bilibili by 31.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company's stock worth $30,258,000 after purchasing an additional 311,073 shares during the period. Finally, US Bancorp DE increased its holdings in Bilibili by 882.4% during the 3rd quarter. US Bancorp DE now owns 70,999 shares of the company's stock worth $1,660,000 after purchasing an additional 63,772 shares during the period. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

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.