Mizuho Forecasts Strong Price Appreciation for Bilibili (NASDAQ:BILI) Stock

Bilibili (NASDAQ:BILI - Free Report) had its price target lifted by Mizuho from $17.00 to $21.00 in a research note published on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

A number of other research firms have also weighed in on BILI. Daiwa America raised Bilibili from a "hold" rating to a "strong-buy" rating in a report on Friday. Morgan Stanley initiated coverage on Bilibili in a research report on Wednesday, September 25th. They issued an "equal weight" rating and a $20.00 price target on the stock. Sanford C. Bernstein increased their price target on Bilibili from $12.00 to $13.00 and gave the company a "market perform" rating in a report on Friday, August 23rd. Bank of America raised their target price on shares of Bilibili from $19.00 to $22.50 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group upgraded shares of Bilibili from a "neutral" rating to a "buy" rating and lifted their target price for the company from $16.50 to $22.60 in a research report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Bilibili presently has a consensus rating of "Moderate Buy" and an average price target of $18.51.

Bilibili Price Performance

BILI stock traded down $1.67 during midday trading on Tuesday, hitting $21.08. 6,077,322 shares of the stock traded hands, compared to its average volume of 7,187,335. The stock's fifty day simple moving average is $20.25 and its 200-day simple moving average is $16.85. Bilibili has a 1-year low of $8.80 and a 1-year high of $31.77. The firm has a market cap of $8.74 billion, a P/E ratio of -15.78 and a beta of 0.86.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share 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 analyst estimates of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The firm's quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.43) EPS. On average, research analysts predict that Bilibili will post -0.32 earnings per share for the current year.

Institutional Trading of Bilibili

A number of hedge funds have recently bought and sold shares of BILI. Signaturefd LLC boosted its holdings in Bilibili by 6.5% in the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company's stock valued at $228,000 after purchasing an additional 598 shares in the last quarter. CWM LLC lifted its stake in shares of Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company's stock valued at $34,000 after purchasing an additional 853 shares during the period. Blue Trust Inc. lifted its position in shares of Bilibili by 227.3% during the third quarter. Blue Trust Inc. now owns 1,283 shares of the company's stock worth $30,000 after acquiring an additional 891 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Bilibili by 4.9% in the second quarter. SG Americas Securities LLC now owns 33,711 shares of the company's stock worth $520,000 after buying an additional 1,569 shares in the last quarter. Finally, Creative Planning raised its holdings in Bilibili by 6.7% in the 2nd quarter. Creative Planning now owns 25,819 shares of the company's stock worth $399,000 after acquiring an additional 1,632 shares during the last quarter. Hedge funds and other institutional investors 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.