Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Stock Has Average Price Target of $29.70

Key Points

• Analysts maintain a “Moderate Buy” consensus on Bilibili, with nine buy ratings and one hold rating. The average 12-month price target is $29.70, nearly double the stock’s reported $14.85 opening price.
• Bilibili reported quarterly revenue of $1.17 billion and earnings per share of $0.23, while analysts expect full-year EPS of approximately $0.64.
• Institutional investors own 16.08% of the company, with several firms recently increasing their positions in Bilibili.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) has been given an average rating of "Moderate Buy" by the ten research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $29.70.

BILI has been the topic of several recent research reports. Piper Sandler set a $29.00 price target on Bilibili in a research note on Friday, August 28th. Morgan Stanley reissued an "overweight" rating and set a $27.00 price objective on shares of Bilibili in a research note on Thursday, August 27th. Benchmark restated a "buy" rating on shares of Bilibili in a report on Friday, August 28th. BNP Paribas Exane initiated coverage on shares of Bilibili in a research note on Tuesday, September 22nd. They set an "outperform" rating and a $23.00 target price for the company. Finally, Weiss Ratings upgraded shares of Bilibili from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, September 28th.

Bilibili Price Performance

Shares of NASDAQ BILI opened at $14.85 on Friday. Bilibili has a 1 year low of $14.31 and a 1 year high of $36.40. The stock has a market capitalization of $6.16 billion, a P/E ratio of 30.31, a P/E/G ratio of 1.25 and a beta of 0.65. The company's 50-day moving average is $16.22 and its 200 day moving average is $18.55. 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 for the quarter. Bilibili had a return on equity of 11.42% and a net margin of 4.88%.The firm had revenue of $1.17 billion for the quarter. On average, sell-side analysts expect that Bilibili will post 0.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its stake in shares of Bilibili by 76.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company's stock worth $37,000 after acquiring an additional 706 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Bilibili by 53.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company's stock worth $31,000 after purchasing an additional 726 shares in the last quarter. Parallel Advisors LLC grew its position in Bilibili by 24.0% during the 1st quarter. Parallel Advisors LLC now owns 6,257 shares of the company's stock valued at $141,000 after purchasing an additional 1,211 shares during the last quarter. Nykredit A S purchased a new stake in Bilibili during the 2nd quarter valued at about $110,000. Finally, PNC Financial Services Group Inc. increased its stake in Bilibili by 20.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company's stock valued at $272,000 after purchasing an additional 2,010 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company's stock.

Bilibili Company Profile

Bilibili Inc NASDAQ: BILI operates a digital entertainment and content platform primarily serving users in China. The company is known for its strong focus on anime, comics and games, as well as its community-oriented culture and interactive video features. Its platform hosts user-generated content, professionally produced videos and other forms of entertainment across categories such as lifestyle, knowledge, music and technology.

Bilibili offers online video services, livestreaming, mobile games and other value-added services.

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