Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Stock Has Consensus Price Target of $29.39 According to Analysts

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $29.39.

A number of equities analysts recently commented on BILI shares. BNP Paribas Exane assumed coverage on shares of Bilibili in a research note on Tuesday, September 22nd. They set an “outperform” rating and a $23.00 target price for the company. Morgan Stanley reiterated an “overweight” rating and issued a $27.00 price objective on shares of Bilibili in a report on Thursday, August 27th. Weiss Ratings raised Bilibili from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, November 2nd. Benchmark restated a “buy” rating on shares of Bilibili in a research note on Friday, August 28th. Finally, Piper Sandler set a $29.00 target price on Bilibili in a research note on Friday, August 28th.

Institutional Trading of Bilibili

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Bilibili by 76.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock valued at $37,000 after buying an additional 706 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Bilibili by 53.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company’s stock valued at $31,000 after buying an additional 726 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Bilibili by 24.0% in the 1st quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock valued at $141,000 after buying an additional 1,211 shares during the last quarter. Nykredit A S acquired a new stake in Bilibili during the 2nd quarter worth $110,000. Finally, Pictet Asset Management Holding SA raised its stake in Bilibili by 7.7% during the 3rd quarter. Pictet Asset Management Holding SA now owns 11,200 shares of the company’s stock worth $168,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Up 2.9%

BILI stock opened at $14.66 on Tuesday. The company’s 50 day moving average price is $14.67 and its 200 day moving average price is $20.38. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 1.34 and a beta of 0.64. Bilibili has a fifty-two week low of $12.64 and a fifty-two week high of $36.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Saturday, August 15th. The company reported $0.23 EPS for the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. The company had revenue of $1.17 billion for the quarter. On average, equities research analysts anticipate that Bilibili will post 0.60 EPS for the current fiscal year.

About Bilibili

Bilibili Inc is a China-based online entertainment platform focused on video content and communities built around anime, comics, games and broader youth culture. The company offers professionally produced and user-generated videos, with content spanning entertainment, lifestyle, technology, education and other interests.

Its services include video streaming, live broadcasting, mobile games and value-added services such as memberships, virtual items and other interactive features. Bilibili also generates revenue through advertising and related content and e-commerce activities.

Founded in 2009 and headquartered in Shanghai, Bilibili serves users primarily in China through its website and mobile applications.