Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Stock Has Consensus Target Price of $29.39

Key Points

• Bilibili has a “Moderate Buy” consensus rating from nine analysts, with eight buys and one hold. The average 12-month price target is $29.39.
• Several institutional investors increased their Bilibili holdings in the third quarter, and hedge funds and other institutions collectively owned 16.08% of the stock.
• BILI opened at $13.51, near its one-year low of $12.64 and well below its $36.40 high. The company reported quarterly revenue of $1.17 billion and EPS of $0.23, while analysts expect full-year EPS of $0.60.

Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $29.39.

A number of brokerages recently issued reports on BILI. Morgan Stanley reissued an "overweight" rating and issued a $27.00 target price on shares of Bilibili in a research report on Thursday, August 27th. Weiss Ratings lowered Bilibili from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, October 14th. BNP Paribas Exane began coverage on Bilibili in a research note on Tuesday, September 22nd. They issued an "outperform" rating and a $23.00 price objective for the company. Citigroup reduced their price objective on Bilibili from $27.00 to $26.50 and set a "buy" rating for the company in a research note on Wednesday, October 14th. Finally, Benchmark reissued a "buy" rating on shares of Bilibili in a report on Friday, August 28th.

Hedge Funds Weigh In On Bilibili

A number of large investors have recently modified their holdings of BILI. Profund Advisors LLC increased its position in shares of Bilibili by 3.9% in the third quarter. Profund Advisors LLC now owns 40,292 shares of the company's stock worth $605,000 after acquiring an additional 1,494 shares in the last quarter. Vise Technologies Inc. purchased a new position in shares of Bilibili in the 3rd quarter valued at $536,000. SBI Securities Co. Ltd. raised its stake in shares of Bilibili by 31.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 16,777 shares of the company's stock valued at $252,000 after acquiring an additional 4,040 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Bilibili by 222.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 113,456 shares of the company's stock valued at $1,700,000 after acquiring an additional 78,276 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Bilibili by 53.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company's stock valued at $31,000 after acquiring an additional 726 shares in the last quarter. 16.08% of the stock is owned by hedge funds and other institutional investors.

Bilibili Price Performance

BILI stock opened at $13.51 on Tuesday. The business's 50-day moving average is $14.87 and its two-hundred day moving average is $20.74. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $5.60 billion, a P/E ratio of 27.57, a P/E/G ratio of 1.17 and a beta of 0.65. Bilibili has a 1 year low of $12.64 and a 1 year high of $36.40.

Bilibili (NASDAQ:BILI - Get Free Report) last posted its quarterly earnings results on Saturday, August 15th. The company reported $0.23 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. Analysts anticipate that Bilibili will post 0.60 earnings per share for the current fiscal year.

Bilibili Company Profile

Bilibili Inc is a China-based online entertainment platform focused on video content and communities built around anime, comics, games and broader youth culture. The company offers professionally produced and user-generated videos, with content spanning entertainment, lifestyle, technology, education and other interests.

Its services include video streaming, live broadcasting, mobile games and value-added services such as memberships, virtual items and other interactive features. Bilibili also generates revenue through advertising and related content and e-commerce activities.

Founded in 2009 and headquartered in Shanghai, Bilibili serves users primarily in China through its website and mobile applications.

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