Barclays Issues Positive Forecast for Bilibili (NASDAQ:BILI) Stock Price

Bilibili (NASDAQ:BILI - Free Report) had its price objective increased by Barclays from $19.00 to $24.00 in a research note published on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other equities analysts have also issued research reports about the stock. Nomura upgraded shares of Bilibili from a "neutral" rating to a "buy" rating and set a $18.00 price target on the stock in a report on Thursday, August 22nd. Sanford C. Bernstein lifted their target price on shares of Bilibili from $12.00 to $13.00 and gave the stock a "market perform" rating in a research note on Friday, August 23rd. Morgan Stanley started coverage on shares of Bilibili in a research note on Wednesday, September 25th. They issued an "equal weight" rating and a $20.00 price target for the company. Mizuho lifted their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group raised shares of Bilibili from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $16.50 to $22.60 in a research report on Thursday, September 26th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $19.69.

Bilibili Trading Up 4.3 %

Bilibili stock traded up $0.79 during mid-day trading on Monday, reaching $19.09. The company had a trading volume of 3,959,286 shares, compared to its average volume of 7,208,117. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $31.77. The company has a market cap of $7.91 billion, a P/E ratio of -20.23 and a beta of 0.86. The business has a fifty day simple moving average of $20.63 and a 200 day simple moving average of $17.05.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its quarterly earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.47. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.14 billion. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.10%. Bilibili's revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.39) earnings per share. Research analysts forecast that Bilibili will post -0.32 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in shares of Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock valued at $30,000 after buying an additional 891 shares in the last quarter. CWM LLC raised its position in Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company's stock worth $34,000 after purchasing an additional 853 shares during the period. TD Private Client Wealth LLC bought a new stake in Bilibili in the 3rd quarter worth $53,000. Venturi Wealth Management LLC bought a new stake in shares of Bilibili during the 3rd quarter valued at about $63,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Bilibili by 26.3% during 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 valued at $82,000 after purchasing an additional 735 shares in the last quarter. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

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.