Bilibili Inc. (NASDAQ:BILI) Given Average Rating of “Moderate Buy” by Brokerages

Bilibili Inc. (NASDAQ:BILI) has earned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $21.11.

A number of analysts recently weighed in on the stock. Nomura Securities cut shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Benchmark upped their price objective on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Barclays increased their price target on shares of Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 21st.

Bilibili Stock Down 1.7 %

Shares of BILI opened at $21.23 on Thursday. The company has a 50-day simple moving average of $19.32 and a 200-day simple moving average of $19.54. The firm has a market capitalization of $8.80 billion, a P/E ratio of -47.18 and a beta of 0.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34. Bilibili has a 52 week low of $10.37 and a 52 week high of $31.77.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. On average, equities research analysts expect that Bilibili will post 0.16 earnings per share for the current year.

Institutional Trading of Bilibili

A number of hedge funds have recently modified their holdings of the stock. Avior Wealth Management LLC boosted its holdings in shares of Bilibili by 1,817.7% during the 4th quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after buying an additional 1,436 shares during the period. TD Private Client Wealth LLC bought a new stake in shares of Bilibili during the 3rd quarter worth about $53,000. Federated Hermes Inc. bought a new stake in shares of Bilibili during the 4th quarter worth about $55,000. Blue Trust Inc. boosted its holdings in Bilibili by 147.8% in the 4th quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock valued at $58,000 after purchasing an additional 1,896 shares during the period. Finally, Venturi Wealth Management LLC bought a new stake in Bilibili in the 3rd quarter valued at about $63,000. 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.