Bilibili (NASDAQ:BILI) Given New $25.30 Price Target at CLSA

Bilibili (NASDAQ:BILI – Get Rating) had its target price decreased by CLSA from $33.40 to $25.30 in a report released on Wednesday morning, The Fly reports. CLSA currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on BILI. Barclays reduced their price target on shares of Bilibili from $32.00 to $24.00 in a research report on Tuesday, May 3rd. Zacks Investment Research cut shares of Bilibili from a buy rating to a hold rating in a research report on Thursday, May 5th. KGI Securities cut shares of Bilibili from an outperform rating to a neutral rating in a research report on Thursday, March 24th. Benchmark cut their price objective on shares of Bilibili from $86.00 to $75.00 and set a buy rating on the stock in a research report on Friday, March 4th. Finally, JPMorgan Chase & Co. upgraded shares of Bilibili from an underweight rating to a neutral rating and lifted their price target for the company from $15.00 to $19.00 in a research note on Monday, May 16th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Bilibili has an average rating of Hold and an average price target of $49.21.

Shares of NASDAQ BILI opened at $21.25 on Wednesday. The company’s fifty day moving average is $23.97 and its 200-day moving average is $36.88. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of -7.76 and a beta of 1.26. Bilibili has a twelve month low of $14.93 and a twelve month high of $129.24. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.82.

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

Several institutional investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. increased its stake in shares of Bilibili by 3.6% during the 3rd quarter. Advisor Group Holdings Inc. now owns 7,742 shares of the company’s stock worth $511,000 after purchasing an additional 269 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of 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 purchasing an additional 350 shares during the last quarter. Catalyst Capital Advisors LLC increased its stake in shares of Bilibili by 2.6% during the 4th quarter. Catalyst Capital Advisors LLC now owns 16,210 shares of the company’s stock worth $752,000 after purchasing an additional 410 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Bilibili by 9.1% during the 3rd quarter. American Century Companies Inc. now owns 5,395 shares of the company’s stock worth $357,000 after purchasing an additional 450 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Bilibili by 5.9% during the 3rd quarter. LPL Financial LLC now owns 8,933 shares of the company’s stock worth $591,000 after purchasing an additional 498 shares during the last quarter. Institutional investors own 40.49% of the company’s stock.

Bilibili Company Profile (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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