Brokerages Set Bilibili Inc. (NASDAQ:BILI) PT at $17.83

Bilibili Inc. (NASDAQ:BILI - Get Free Report) has received a consensus rating of "Moderate Buy" from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $17.83.

A number of analysts recently commented on BILI shares. The Goldman Sachs Group upgraded Bilibili from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $16.50 to $22.60 in a research report on Thursday, September 26th. Barclays raised shares of Bilibili from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $14.00 to $19.00 in a research note on Friday, August 23rd. Sanford C. Bernstein upped their target price on shares of Bilibili from $12.00 to $13.00 and gave the company a "market perform" rating in a research report on Friday, August 23rd. Daiwa America cut Bilibili from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Finally, Daiwa Capital Markets lowered Bilibili from an "outperform" rating to a "neutral" rating in a research note on Thursday, October 3rd.

Hedge Funds Weigh In On Bilibili

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company's stock valued at $34,000 after purchasing an additional 853 shares in the last quarter. SG Americas Securities LLC lifted its stake in Bilibili by 4.9% in the 2nd quarter. SG Americas Securities LLC now owns 33,711 shares of the company's stock valued at $520,000 after acquiring an additional 1,569 shares in the last quarter. Creative Planning boosted its position in Bilibili by 6.7% during 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. Vanguard Personalized Indexing Management LLC grew its stake in shares of Bilibili by 10.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company's stock worth $272,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Bilibili by 5.7% in the second quarter. Profund Advisors LLC now owns 41,806 shares of the company's stock valued at $645,000 after purchasing an additional 2,257 shares during the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

Bilibili Stock Performance

Shares of NASDAQ BILI traded down $0.82 during mid-day trading on Monday, hitting $21.82. 7,084,190 shares of the stock were exchanged, compared to its average volume of 7,349,733. Bilibili has a twelve month low of $8.80 and a twelve month high of $31.77. The stock's fifty day simple moving average is $17.19 and its two-hundred day simple moving average is $15.37. The company has a market cap of $9.01 billion, a P/E ratio of -13.35 and a beta of 0.86.

Bilibili (NASDAQ:BILI - Get Free Report) last announced its 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 company had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company's revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.43) earnings per share. As a group, equities research analysts predict that Bilibili will post -0.37 earnings per share for the current fiscal year.

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.