Bilibili Inc. (NASDAQ:BILI) Receives $15.37 Average Price Target from Brokerages

Shares of Bilibili Inc. (NASDAQ:BILI) have been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $15.37.

A number of research analysts recently weighed in on the stock. Mizuho raised their price target on shares of Bilibili from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Citigroup lowered shares of Bilibili from a “buy” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $12.50 in a research report on Monday, March 11th. Finally, JPMorgan Chase & Co. raised shares of Bilibili from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $10.00 to $11.00 in a research report on Monday, March 11th.

Bilibili Trading Down 12.4 %

Bilibili stock opened at $13.74 on Friday. Bilibili has a 1-year low of $8.80 and a 1-year high of $19.15. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of -8.38 and a beta of 0.96. The firm’s fifty day moving average price is $12.67 and its two-hundred day moving average price is $11.83.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results 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 firm had revenue of $881.13 million for the quarter, compared to the consensus estimate of $891.61 million. On average, research analysts forecast that Bilibili will post -0.55 EPS for the current year.

Hedge Funds Weigh In On Bilibili

Large investors have recently modified their holdings of the business. Mizuho Securities Co. Ltd. purchased a new position in shares of Bilibili in the fourth quarter worth about $55,000. Parallel Advisors LLC increased its stake in shares of Bilibili by 62.6% in the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after purchasing an additional 1,734 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Bilibili by 349.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock worth $82,000 after purchasing an additional 5,210 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Bilibili by 29.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after acquiring an additional 1,569 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Bilibili during the fourth quarter valued at approximately $100,000. Hedge funds and other institutional investors 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.