Bilibili Inc. (NASDAQ:BILI) Receives $18.15 Average PT from Brokerages

Shares of Bilibili Inc. (NASDAQ:BILI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.15.

A number of brokerages have recently issued reports on BILI. The Goldman Sachs Group raised shares of Bilibili from a "neutral" rating to a "buy" rating and upped their price objective for the company from $16.50 to $22.60 in a research note on Thursday, September 26th. Nomura Securities raised shares of Bilibili from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 22nd. Daiwa Capital Markets raised shares of Bilibili from a "neutral" rating to a "buy" rating in a research report on Friday. Daiwa America cut shares of Bilibili from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 3rd. Finally, Barclays raised shares of Bilibili from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $14.00 to $19.00 in a research report on Friday, August 23rd.

Institutional Trading of Bilibili

Hedge funds have recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of 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 acquiring an additional 891 shares in the last quarter. CWM LLC increased its holdings in shares of Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company's stock valued at $34,000 after acquiring an additional 853 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Bilibili in the 3rd quarter worth approximately $63,000. Sandia Investment Management LP acquired a new position in Bilibili in the 1st quarter worth approximately $112,000. Finally, Assetmark Inc. acquired a new position in Bilibili in the 3rd quarter worth approximately $159,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Trading Down 6.7 %

Shares of BILI stock traded down $1.61 during trading on Friday, reaching $22.52. 3,991,777 shares of the company's stock traded hands, compared to its average volume of 7,202,559. The company has a market capitalization of $9.33 billion, a P/E ratio of -17.01 and a beta of 0.86. The firm's 50-day moving average is $19.92 and its 200 day moving average is $16.64. Bilibili has a 1 year low of $8.80 and a 1 year high of $31.77.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts' consensus estimates 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 net margin of 16.71% and a negative return on equity of 22.44%. The business's quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.43) earnings per share. As a group, sell-side analysts predict that Bilibili will post -0.32 earnings per share for the current fiscal year.

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.