Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Bilibili, with eight buy ratings and one hold rating. The average 12-month price target is $30.44, well above the reported share price of $15.54.
• Institutional interest has increased, with Renaissance Technologies and HSBC significantly boosting their positions; institutional investors collectively own 16.08% of Bilibili.
• Bilibili reported quarterly revenue of $1.17 billion and earnings per share of $0.23. Analysts expect the company to post $0.60 in EPS for the full year.

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $30.4444.

BILI has been the topic of several analyst reports. Morgan Stanley reaffirmed an "overweight" rating and set a $27.00 target price on shares of Bilibili in a report on Thursday, August 27th. Benchmark restated a "buy" rating on shares of Bilibili in a research report on Friday, August 28th. Macquarie Infrastructure restated an "outperform" rating and issued a $30.00 price objective on shares of Bilibili in a research report on Tuesday, May 19th. Weiss Ratings raised shares of Bilibili from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, August 31st. Finally, Piper Sandler set a $29.00 target price on shares of Bilibili in a report on Friday, August 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BILI. Renaissance Technologies LLC boosted its position in Bilibili by 121.1% during the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company's stock worth $11,445,000 after purchasing an additional 277,900 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Bilibili by 230.5% in the first quarter. Hsbc Holdings PLC now owns 199,039 shares of the company's stock valued at $4,458,000 after buying an additional 138,810 shares in the last quarter. Evergreen Quality Fund GP Ltd. purchased a new stake in shares of Bilibili in the fourth quarter valued at approximately $1,377,000. MY.Alpha Management HK Advisors Ltd acquired a new position in shares of Bilibili during the 4th quarter worth approximately $16,620,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Bilibili during the 4th quarter worth approximately $738,000. Hedge funds and other institutional investors own 16.08% of the company's stock.

Bilibili Price Performance

BILI stock opened at $15.54 on Monday. The company has a market capitalization of $6.44 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 1.40 and a beta of 0.71. Bilibili has a 12 month low of $15.16 and a 12 month high of $36.40. The firm's fifty day simple moving average is $17.37 and its 200-day simple moving average is $20.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its earnings results on Saturday, August 15th. The company reported $0.23 earnings per share (EPS) for the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. The company had revenue of $1.17 billion during the quarter. As a group, equities research analysts forecast that Bilibili will post 0.6 earnings per share for the current year.

About Bilibili

Bilibili Inc NASDAQ: BILI operates an online entertainment platform in China focused on video content and community engagement. The company is known for serving younger audiences and for its strong roots in anime, comics and games, while also offering content covering entertainment, lifestyle, knowledge, technology and other interests.

Its platform includes professionally produced and user-generated videos, live streaming, mobile games and other value-added services. Bilibili also generates revenue through advertising, paid memberships, game publishing and distribution, and related digital content and merchandise activities.

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