Bilibili (NASDAQ:BILI) Price Target Raised to $30.00

Bilibili (NASDAQ:BILI) had its price objective increased by Benchmark from $24.00 to $30.00 in a report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Mizuho boosted their target price on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays lifted their price objective on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Bank of America lifted their price target on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $20.33.

Bilibili Trading Up 3.2 %

Shares of BILI opened at $22.82 on Friday. The stock has a market cap of $9.46 billion, a P/E ratio of -50.71 and a beta of 0.81. Bilibili has a 1 year low of $9.63 and a 1 year high of $31.77. The stock’s 50-day moving average price is $18.27 and its two-hundred day moving average price is $18.63.

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

Hedge Funds Weigh In On Bilibili

Large investors have recently modified their holdings of the business. Y Intercept Hong Kong Ltd increased its position in shares of Bilibili by 1,064.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 190,275 shares of the company’s stock valued at $4,449,000 after acquiring an additional 173,941 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Bilibili by 31.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock worth $30,258,000 after purchasing an additional 311,073 shares during the last quarter. US Bancorp DE raised its stake in shares of Bilibili by 882.4% during the 3rd quarter. US Bancorp DE now owns 70,999 shares of the company’s stock worth $1,660,000 after purchasing an additional 63,772 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Bilibili by 208.4% in the 3rd quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock valued at $42,260,000 after buying an additional 1,221,433 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Bilibili in the 3rd quarter valued at approximately $921,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.