Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Stock Has Consensus Target Price of $29.70

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $29.70.

BILI has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating on shares of Bilibili in a research note on Friday, August 28th. Morgan Stanley reissued an “overweight” rating and set a $27.00 price objective on shares of Bilibili in a research report on Thursday, August 27th. Weiss Ratings upgraded shares of Bilibili from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. BNP Paribas Exane assumed coverage on shares of Bilibili in a report on Tuesday, September 22nd. They issued an “outperform” rating and a $23.00 price objective for the company. Finally, Piper Sandler set a $29.00 target price on shares of Bilibili in a research report on Friday, August 28th.

Bilibili Stock Performance

Bilibili stock opened at $15.49 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $16.15 and a 200-day moving average of $18.49. The firm has a market cap of $6.42 billion, a P/E ratio of 31.61, a P/E/G ratio of 1.30 and a beta of 0.65. Bilibili has a 1-year low of $14.31 and a 1-year high of $36.40.

Bilibili (NASDAQ:BILI) last posted its earnings results on Saturday, August 15th. The company reported $0.23 earnings per share (EPS) for the quarter. Bilibili had a return on equity of 11.42% and a net margin of 4.88%. The company had revenue of $1.17 billion for the quarter. Sell-side analysts expect that Bilibili will post 0.64 EPS for the current year.

Hedge Funds Weigh In On Bilibili

Several hedge funds and other institutional investors have recently modified their holdings of BILI. Panagora Asset Management Inc. raised its holdings in Bilibili by 138.0% in the fourth quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock worth $21,378,000 after purchasing an additional 504,070 shares in the last quarter. MY.Alpha Management HK Advisors Ltd purchased a new position in Bilibili during the fourth quarter valued at $16,620,000. Renaissance Technologies LLC lifted its position in Bilibili by 121.1% during the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock valued at $11,445,000 after buying an additional 277,900 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Bilibili by 230.5% during the 1st quarter. Hsbc Holdings PLC now owns 199,039 shares of the company’s stock valued at $4,458,000 after buying an additional 138,810 shares in the last quarter. Finally, XY Capital Ltd boosted its holdings in shares of Bilibili by 148.1% during the 2nd quarter. XY Capital Ltd now owns 253,880 shares of the company’s stock valued at $4,324,000 after buying an additional 151,563 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

About Bilibili

Bilibili Inc (NASDAQ: BILI) operates a digital entertainment and content platform primarily serving users in China. The company is known for its strong focus on anime, comics and games, as well as its community-oriented culture and interactive video features. Its platform hosts user-generated content, professionally produced videos and other forms of entertainment across categories such as lifestyle, knowledge, music and technology.

Bilibili offers online video services, livestreaming, mobile games and other value-added services.