Bilibili (NASDAQ:BILI) Given New $28.00 Price Target at Benchmark

Key Points

• Benchmark has cut its target price for Bilibili (NASDAQ:BILI) from $30.00 to $28.00, while maintaining a "buy" rating, suggesting an upside potential of 17.85% from the current stock price.
• Other analysts, such as HSBC and Bank of America, have also issued "buy" ratings, with Bank of America raising its target price for Bilibili to $27.00.
• Bilibili's stock has fluctuated between a 52-week low of $12.72 and a high of $31.77, currently trading around $23.76.

Bilibili (NASDAQ:BILI - Get Free Report) had its price target dropped by stock analysts at Benchmark from $30.00 to $28.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Benchmark's price objective suggests a potential upside of 16.76% from the stock's previous close.

Several other analysts have also recently issued reports on the company. HSBC reissued a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. Sanford C. Bernstein assumed coverage on Bilibili in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $28.00 target price on the stock. Hsbc Global Res raised Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. cut Bilibili from an "overweight" rating to a "neutral" rating and raised their target price for the stock from $21.00 to $24.00 in a research note on Monday, July 28th. Finally, Bank of America lifted their target price on shares of Bilibili from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.57.

Bilibili Trading Up 0.9%

BILI traded up $0.22 on Friday, hitting $23.98. 5,682,766 shares of the company were exchanged, compared to its average volume of 3,151,626. The firm has a fifty day simple moving average of $22.65 and a two-hundred day simple moving average of $20.28. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 1.60. Bilibili has a 12 month low of $13.60 and a 12 month high of $31.77. The stock has a market capitalization of $10.02 billion, a PE ratio of 342.57 and a beta of 0.94.

Institutional Investors Weigh In On Bilibili

Several hedge funds have recently bought and sold shares of BILI. LPL Financial LLC boosted its stake in Bilibili by 40.6% during the fourth quarter. LPL Financial LLC now owns 18,638 shares of the company's stock worth $338,000 after acquiring an additional 5,386 shares in the last quarter. Geode Capital Management LLC boosted its stake in Bilibili by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 110,560 shares of the company's stock worth $2,002,000 after acquiring an additional 1,140 shares in the last quarter. Legal & General Group Plc boosted its stake in Bilibili by 4.1% in the 4th quarter. Legal & General Group Plc now owns 46,629 shares of the company's stock worth $845,000 after purchasing an additional 1,839 shares in the last quarter. Barclays PLC boosted its stake in Bilibili by 7.4% in the 4th quarter. Barclays PLC now owns 137,022 shares of the company's stock worth $2,481,000 after purchasing an additional 9,459 shares in the last quarter. Finally, Mariner LLC boosted its stake in Bilibili by 8.8% in the 4th quarter. Mariner LLC now owns 24,787 shares of the company's stock worth $449,000 after purchasing an additional 1,997 shares in the last quarter. 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.