Shares of Bilibili Inc – (NASDAQ:BILI) have earned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $19.86.
Several equities analysts recently issued reports on the company. China Renaissance Securities assumed coverage on Bilibili in a research note on Wednesday, February 27th. They set a “buy” rating on the stock. JPMorgan Chase & Co. cut Bilibili from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $17.00 to $20.00 in a research note on Friday, March 1st. Daiwa Capital Markets set a $23.00 price objective on Bilibili and gave the stock a “buy” rating in a research note on Friday, March 1st. ValuEngine upgraded Bilibili from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Finally, Citigroup assumed coverage on Bilibili in a research note on Thursday, January 31st. They set a “buy” rating and a $22.00 price objective on the stock.
BILI traded down $0.27 during trading hours on Friday, hitting $14.05. 2,450,078 shares of the stock were exchanged, compared to its average volume of 4,766,609. Bilibili has a 12 month low of $9.09 and a 12 month high of $22.70. The stock has a market capitalization of $3.91 billion, a PE ratio of -36.97 and a beta of 1.22.
Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Monday, May 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.07. Bilibili had a negative return on equity of 11.13% and a negative net margin of 14.65%. The firm had revenue of $203.54 million for the quarter, compared to analysts’ expectations of $192.60 million. Sell-side analysts predict that Bilibili will post -0.49 EPS for the current year.
A number of hedge funds have recently bought and sold shares of BILI. Joseph P. Lucia & Associates LLC bought a new stake in Bilibili in the first quarter valued at $35,000. Legal & General Group Plc acquired a new position in Bilibili during the third quarter worth about $51,000. Canada Pension Plan Investment Board acquired a new position in Bilibili during the fourth quarter worth about $73,000. Cresset Asset Management LLC acquired a new position in Bilibili during the first quarter worth about $134,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in Bilibili by 27.8% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,877 shares of the company’s stock worth $149,000 after acquiring an additional 1,712 shares during the period. Institutional investors own 24.71% of the company’s stock.
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.
Read More: What is the return on assets formula?
Receive News & Ratings for Bilibili Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bilibili and related companies with MarketBeat.com's FREE daily email newsletter.