Bilibili Inc. (NASDAQ:BILI) Receives $16.90 Consensus Target Price from Analysts

Bilibili Inc. (NASDAQ:BILI) has received a consensus rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $16.90.

Several brokerages have recently weighed in on BILI. JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a research note on Tuesday, June 18th. Barclays raised Bilibili from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $10.00 to $14.00 in a research note on Friday, May 24th. Mizuho increased their price objective on Bilibili from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, May 10th. UBS Group raised Bilibili from a “neutral” rating to a “buy” rating and increased their price objective for the company from $11.90 to $18.00 in a research note on Friday, May 31st. Finally, Benchmark increased their price objective on Bilibili from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, May 24th.

Bilibili Trading Down 1.2 %

Shares of NASDAQ:BILI opened at $16.96 on Friday. Bilibili has a 12-month low of $8.80 and a 12-month high of $19.15. The company has a market capitalization of $7.00 billion, a PE ratio of -10.16 and a beta of 0.85. The business has a 50 day moving average of $15.36 and a two-hundred day moving average of $12.44.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Thursday, May 23rd. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. Bilibili had a negative return on equity of 26.46% and a negative net margin of 21.41%. The company had revenue of $791.16 million during the quarter, compared to the consensus estimate of $775.06 million. Equities research analysts predict that Bilibili will post -0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bilibili

Hedge funds have recently modified their holdings of the business. LifePro Asset Management acquired a new position in Bilibili during the 2nd quarter worth about $3,652,000. CWM LLC raised its position in Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after purchasing an additional 853 shares in the last quarter. Swedbank AB acquired a new stake in Bilibili in the 1st quarter valued at about $645,000. Janus Henderson Group PLC acquired a new stake in Bilibili in the 1st quarter valued at about $3,918,000. Finally, Sandia Investment Management LP acquired a new stake in Bilibili in the 1st quarter valued at about $112,000. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

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.