Bilibili (NASDAQ:BILI) Price Target Raised to $24.00

Bilibili (NASDAQ:BILI) had its price target lifted by Barclays from $19.00 to $24.00 in a research report released on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on BILI. Sanford C. Bernstein upped their price objective on Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Benchmark upped their price objective on Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley started coverage on Bilibili in a research report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price target for the company. The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and increased their price target for the company from $16.50 to $22.60 in a research report on Thursday, September 26th. Finally, Nomura raised Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Thursday, August 22nd. Three investment 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 stock. Based on data from MarketBeat, Bilibili presently has an average rating of “Moderate Buy” and a consensus target price of $19.69.

Bilibili Price Performance

Bilibili stock opened at $19.09 on Monday. The company has a market capitalization of $7.91 billion, a PE ratio of -20.23 and a beta of 0.86. Bilibili has a one year low of $8.80 and a one year high of $31.77. The business has a 50 day simple moving average of $20.63 and a 200 day simple moving average of $17.05.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.47. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. Bilibili had a negative return on equity of 15.10% and a negative net margin of 10.73%. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.39) EPS. Equities analysts anticipate that Bilibili will post -0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Several institutional investors and hedge funds have recently made changes to their positions in BILI. SIH Partners LLLP boosted its holdings in Bilibili by 145.9% in the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after purchasing an additional 709,200 shares during the last quarter. Natixis purchased a new position in shares of Bilibili during the 1st quarter valued at $537,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Bilibili during the 2nd quarter valued at $7,799,000. Swedbank AB purchased a new position in shares of Bilibili during the 1st quarter valued at $645,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Bilibili during the 1st quarter valued at $3,918,000. Institutional investors own 16.08% of the company’s stock.

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.