Analysts Set Bilibili Inc. (NASDAQ:BILI) Price Target at $21.11

Shares of Bilibili Inc. (NASDAQ:BILI) have earned an average rating of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $21.11.

A number of equities research analysts recently weighed in on BILI shares. Barclays upped their price target on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Benchmark upped their target price on Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Nomura Securities lowered Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Bilibili Stock Performance

NASDAQ BILI opened at $21.44 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $19.04 and its two-hundred day moving average is $19.38. Bilibili has a 12-month low of $10.37 and a 12-month high of $31.77. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of -47.64 and a beta of 0.93.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Research analysts expect that Bilibili will post 0.16 EPS for the current year.

Institutional Trading of Bilibili

Large investors have recently modified their holdings of the business. Avior Wealth Management LLC lifted its position in shares of Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock worth $27,000 after purchasing an additional 1,436 shares during the last quarter. TD Private Client Wealth LLC bought a new position in Bilibili in the third quarter worth about $53,000. Venturi Wealth Management LLC bought a new position in Bilibili in the third quarter worth about $63,000. Federated Hermes Inc. bought a new stake in shares of Bilibili during the fourth quarter valued at approximately $55,000. Finally, Blue Trust Inc. raised its holdings in shares of Bilibili by 147.8% during the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock valued at $58,000 after buying an additional 1,896 shares during the last quarter. 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.