Bilibili (NASDAQ:BILI) Price Target Raised to $24.00 at Benchmark

Bilibili (NASDAQ:BILI - Free Report) had its target price raised by Benchmark from $16.00 to $24.00 in a research note released on Friday,Benzinga reports. Benchmark currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Sanford C. Bernstein increased their price objective on Bilibili from $12.00 to $13.00 and gave the stock a "market perform" rating in a report on Friday, August 23rd. Barclays upgraded shares of Bilibili from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $14.00 to $19.00 in a research note on Friday, August 23rd. Mizuho upped their target price on Bilibili from $17.00 to $21.00 and gave the stock an "outperform" rating in a report on Tuesday. Daiwa Capital Markets upgraded Bilibili from a "neutral" rating to a "buy" rating in a research note on Friday, November 8th. Finally, Daiwa America raised Bilibili from a "hold" rating to a "strong-buy" rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $19.24.

Bilibili Stock Performance

Shares of NASDAQ BILI traded down $0.29 during trading on Friday, reaching $18.30. The company had a trading volume of 7,601,631 shares, compared to its average volume of 7,222,349. Bilibili has a 52 week low of $8.80 and a 52 week high of $31.77. The business's 50 day moving average price is $20.57 and its 200-day moving average price is $16.95. The stock has a market cap of $7.58 billion, a PE ratio of -13.66 and a beta of 0.86.

Bilibili (NASDAQ:BILI - Get Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.55). The firm had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The firm's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.43) EPS. Equities analysts anticipate that Bilibili will post -0.32 earnings per share for the current year.

Hedge Funds Weigh In On Bilibili

A number of institutional investors have recently modified their holdings of BILI. Acadian Asset Management LLC acquired a new position in shares of Bilibili during the 1st quarter worth $408,000. Natixis acquired a new position in shares of Bilibili during the 1st quarter worth $537,000. OLD Mission Capital LLC acquired a new position in shares of Bilibili during the 1st quarter worth $14,849,000. Quadrature Capital Ltd acquired a new position in shares of Bilibili during the 1st quarter worth $456,000. Finally, Sandia Investment Management LP acquired a new position in shares of Bilibili during the 1st quarter worth $112,000. Institutional investors and hedge funds own 16.08% of the company's stock.

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.