Zacks: Analysts Set $13.33 Price Target for Bilibili Inc – (BILI)

Bilibili Inc – (NASDAQ:BILI) has been given a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company. Bilibili’s rating score has declined by 42.7% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a 12 month consensus price objective of $13.33 for the company and are expecting that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bilibili an industry rank of 103 out of 255 based on the ratings given to its competitors.

Several equities analysts have weighed in on the company. Bank of America raised their target price on Bilibili from $15.30 to $17.30 and gave the company a “buy” rating in a report on Tuesday, June 26th. Morgan Stanley lowered Bilibili from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $13.50 to $11.00 in a report on Monday, September 24th. Finally, JPMorgan Chase & Co. cut their target price on Bilibili from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Wednesday, August 29th.

A number of hedge funds and other institutional investors have recently bought and sold shares of BILI. Glen Harbor Capital Management LLC bought a new position in Bilibili during the second quarter valued at about $105,000. Comerica Bank bought a new position in Bilibili during the second quarter valued at about $144,000. Tiverton Asset Management LLC bought a new position in Bilibili during the second quarter valued at about $202,000. Blackstone Group L.P. bought a new position in Bilibili during the first quarter valued at about $275,000. Finally, Legal & General Group Plc bought a new position in Bilibili during the first quarter valued at about $280,000. Institutional investors own 9.77% of the company’s stock.

Shares of NASDAQ:BILI traded up $0.04 during midday trading on Monday, hitting $13.39. 74,111 shares of the stock were exchanged, compared to its average volume of 5,178,844. Bilibili has a 52-week low of $9.09 and a 52-week high of $22.70.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Monday, August 27th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). The company had revenue of $155.10 million during the quarter, compared to analyst estimates of $142.41 million. During the same period last year, the company posted ($3.03) EPS. The company’s quarterly revenue was up 76.1% compared to the same quarter last year. Analysts anticipate that Bilibili will post -0.39 earnings per share for the current year.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. The company was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.

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