Brokerages Set Bilibili Inc. (NASDAQ:BILI) Target Price at $56.65

Bilibili Inc. (NASDAQ:BILI – Get Rating) has earned a consensus rating of “Hold” from the thirteen research firms that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $51.53.

A number of analysts have recently issued reports on the company. CLSA cut their price objective on Bilibili from $33.40 to $25.30 and set an “outperform” rating for the company in a research report on Wednesday. Benchmark cut their price objective on Bilibili from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, March 4th. KGI Securities cut Bilibili from an “outperform” rating to a “neutral” rating in a research report on Thursday, March 24th. The Goldman Sachs Group initiated coverage on Bilibili in a report on Sunday, April 10th. They set a “hold” rating and a $35.00 price target for the company. Finally, Zacks Investment Research cut Bilibili from a “buy” rating to a “hold” rating in a report on Thursday, May 5th.

NASDAQ:BILI traded up $0.31 on Monday, hitting $21.25. 8,297,737 shares of the company’s stock traded hands, compared to its average volume of 9,813,957. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $23.97 and a 200-day moving average price of $37.19. The company has a market cap of $8.30 billion, a PE ratio of -7.76 and a beta of 1.26. Bilibili has a 1 year low of $14.93 and a 1 year high of $129.24.

Bilibili (NASDAQ:BILI – Get Rating) last posted its quarterly earnings results on Thursday, March 3rd. The company reported ($0.83) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.85) by $0.02. The firm had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.75 billion. Bilibili had a negative return on equity of 28.60% and a negative net margin of 35.05%. The business’s revenue was up 50.5% compared to the same quarter last year. During the same period last year, the company earned ($0.36) earnings per share. On average, research analysts forecast that Bilibili will post -2.86 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in BILI. CWM LLC bought a new position in shares of Bilibili in the 4th quarter valued at $27,000. PNC Financial Services Group Inc. grew its position in Bilibili by 382.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock worth $27,000 after acquiring an additional 814 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Bilibili by 143.4% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 594 shares of the company’s stock worth $28,000 after acquiring an additional 350 shares during the last quarter. Lindbrook Capital LLC grew its position in Bilibili by 278.1% during the 1st quarter. Lindbrook Capital LLC now owns 1,259 shares of the company’s stock worth $32,000 after acquiring an additional 926 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its position in Bilibili by 807.0% during the 1st quarter. Pinebridge Investments L.P. now owns 1,814 shares of the company’s stock worth $46,000 after acquiring an additional 1,614 shares during the last quarter. 40.49% of the stock is owned by hedge funds and other institutional investors.

About Bilibili (Get Rating)

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, and live broadcasting.

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