Bilibili Inc. (NASDAQ:BILI) Receives $15.26 Consensus PT from Analysts

Shares of Bilibili Inc. (NASDAQ:BILI) have been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $15.26.

Several equities analysts have recently issued reports on BILI shares. JPMorgan Chase & Co. raised Bilibili from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $10.00 to $11.00 in a research report on Monday, March 11th. Citigroup cut shares of Bilibili from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $12.50 in a report on Monday, March 11th. Mizuho cut their price target on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, January 17th. Finally, Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th.

Bilibili Stock Performance

BILI stock opened at $12.75 on Monday. The firm has a 50 day moving average price of $11.08 and a 200-day moving average price of $11.68. Bilibili has a 52-week low of $8.80 and a 52-week high of $20.60. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of -7.77 and a beta of 0.99.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. The company had revenue of $881.13 million for the quarter, compared to the consensus estimate of $891.61 million. As a group, sell-side analysts forecast that Bilibili will post -0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vontobel Holding Ltd. boosted its position in shares of Bilibili by 6.6% during the third quarter. Vontobel Holding Ltd. now owns 35,015 shares of the company’s stock worth $482,000 after acquiring an additional 2,157 shares during the last quarter. Ronald Blue Trust Inc. grew its position in shares of Bilibili by 79.1% during the third quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock valued at $51,000 after purchasing an additional 1,478 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Bilibili by 205.8% in the third quarter. SG Americas Securities LLC now owns 39,734 shares of the company’s stock worth $547,000 after purchasing an additional 26,739 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Bilibili by 30.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 687,069 shares of the company’s stock worth $9,461,000 after buying an additional 161,396 shares in the last quarter. Finally, Altfest L J & Co. Inc. boosted its stake in Bilibili by 55.0% during the third quarter. Altfest L J & Co. Inc. now owns 30,006 shares of the company’s stock valued at $413,000 after buying an additional 10,644 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.

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.