Analysts Set Bilibili Inc. (NASDAQ:BILI) Target Price at $16.90

Shares of Bilibili Inc. (NASDAQ:BILI) have been given an average rating of “Hold” by the ten ratings firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.90.

A number of equities analysts have recently commented on the stock. UBS Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $11.90 to $18.00 in a research note on Friday, May 31st. JPMorgan Chase & Co. upgraded shares of 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. Benchmark raised their target price on shares of Bilibili from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Barclays raised shares of Bilibili from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $10.00 to $14.00 in a report on Friday, May 24th. Finally, Mizuho increased their price target on shares of Bilibili from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, May 10th.

Hedge Funds Weigh In On Bilibili

A number of hedge funds have recently bought and sold shares of the company. CWM LLC raised its stake in Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after buying an additional 853 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Bilibili by 4.1% in the fourth quarter. Vontobel Holding Ltd. now owns 36,439 shares of the company’s stock valued at $443,000 after purchasing an additional 1,424 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Bilibili by 29.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock valued at $85,000 after purchasing an additional 1,569 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Bilibili by 19.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock valued at $125,000 after purchasing an additional 1,667 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Bilibili by 62.6% in the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after purchasing an additional 1,734 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

Bilibili Stock Down 1.2 %

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 fifty day simple moving average of $15.36 and a 200 day simple moving average of $12.44. The stock has a market cap of $7.00 billion, a P/E ratio of -10.16 and a beta of 0.85.

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

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.