Shares of Bilibili Inc. (NASDAQ:BILI - Get Rating) have been assigned an average rating of "Hold" from the twelve brokerages that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $50.73.
A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Bilibili in a research report on Sunday, April 10th. They set a "hold" rating and a $35.00 target price for the company. Citigroup reduced their target price on shares of Bilibili from $46.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, June 10th. CLSA reduced their target price on shares of Bilibili from $33.40 to $25.30 and set an "outperform" rating for the company in a research report on Wednesday, May 25th. JPMorgan Chase & Co. increased their target price on shares of Bilibili from $19.00 to $25.00 in a research report on Monday, June 13th. Finally, Barclays increased their target price on shares of Bilibili from $24.00 to $26.00 and gave the company an "equal weight" rating in a research report on Friday, June 10th.
Bilibili Trading Down 1.6 %
NASDAQ:BILI opened at $24.58 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.71 and a current ratio of 2.71. The firm has a market cap of $9.60 billion, a price-to-earnings ratio of -7.54 and a beta of 1.01. Bilibili has a 52 week low of $14.93 and a 52 week high of $93.47. The firm has a 50-day moving average price of $25.57 and a two-hundred day moving average price of $26.66.
Bilibili (NASDAQ:BILI - Get Rating) last posted its quarterly earnings data on Thursday, June 9th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.06). The firm had revenue of $5.05 billion during the quarter, compared to analysts' expectations of $5.05 billion. Bilibili had a negative net margin of 39.78% and a negative return on equity of 34.71%. The company's quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.39) EPS. On average, equities analysts expect that Bilibili will post -2.91 earnings per share for the current fiscal year.
Institutional Trading of Bilibili
Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its position in Bilibili by 0.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,338,703 shares of the company's stock worth $162,270,000 after purchasing an additional 48,700 shares during the period. Marshall Wace LLP raised its position in Bilibili by 759.3% in the 4th quarter. Marshall Wace LLP now owns 1,970,630 shares of the company's stock worth $91,440,000 after purchasing an additional 1,741,292 shares during the period. Legal & General Group Plc raised its position in Bilibili by 41.6% in the 4th quarter. Legal & General Group Plc now owns 1,637,484 shares of the company's stock worth $75,979,000 after purchasing an additional 481,432 shares during the period. Fisher Asset Management LLC grew its holdings in Bilibili by 6.4% in the 4th quarter. Fisher Asset Management LLC now owns 1,534,211 shares of the company's stock worth $71,187,000 after acquiring an additional 92,059 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in Bilibili by 539.3% in the 1st quarter. Jennison Associates LLC now owns 1,456,610 shares of the company's stock worth $37,260,000 after acquiring an additional 1,228,767 shares during the last quarter. Hedge funds and other institutional investors own 40.49% of the company's stock.
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, and live broadcasting.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to email@example.com.
Before you consider Bilibili, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bilibili wasn't on the list.
While Bilibili currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here