Bilibili (NASDAQ:BILI) Stock Price Expected to Rise, Barclays Analyst Says

Bilibili (NASDAQ:BILI) had its price target hoisted by investment analysts at Barclays from $24.00 to $25.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 9.55% from the company’s current price.

BILI has been the subject of several other reports. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Mizuho boosted their target price on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Benchmark boosted their target price on shares of Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Bank of America boosted their target price on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.33.

Bilibili Stock Up 3.2 %

NASDAQ BILI opened at $22.82 on Friday. The company has a market capitalization of $9.46 billion, a P/E ratio of -50.71 and a beta of 0.81. Bilibili has a 12-month low of $9.63 and a 12-month high of $31.77. The firm has a 50-day moving average price of $18.27 and a two-hundred day moving average price of $18.60.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.28%. Equities analysts expect that Bilibili will post 0.16 EPS for the current year.

Hedge Funds Weigh In On Bilibili

A number of institutional investors have recently added to or reduced their stakes in BILI. Blue Trust Inc. increased its position in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after purchasing an additional 891 shares in the last quarter. Signaturefd LLC increased its position in Bilibili by 6.5% during the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock worth $228,000 after purchasing an additional 598 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Bilibili in the 3rd quarter valued at approximately $9,570,000. US Bancorp DE increased its position in Bilibili by 882.4% in the 3rd quarter. US Bancorp DE now owns 70,999 shares of the company’s stock valued at $1,660,000 after acquiring an additional 63,772 shares during the period. Finally, First Beijing Investment Ltd increased its position in Bilibili by 96.2% in the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after acquiring an additional 1,860,496 shares during the period. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Company Profile

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.