Brokerages Set Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Price Target at $30.44

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILIGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $30.4444.

BILI has been the subject of a number of research reports. Morgan Stanley restated an “overweight” rating and issued a $27.00 price target on shares of Bilibili in a report on Thursday, August 27th. Weiss Ratings raised shares of Bilibili from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 31st. Benchmark restated a “buy” rating on shares of Bilibili in a research note on Friday, August 28th. Finally, Piper Sandler set a $29.00 target price on Bilibili in a research report on Friday, August 28th.

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Institutional Investors Weigh In On Bilibili

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of Bilibili by 76.6% during the first quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock worth $37,000 after purchasing an additional 706 shares during the period. Hantz Financial Services Inc. increased its stake in Bilibili by 61.7% during the 4th quarter. Hantz Financial Services Inc. now owns 5,886 shares of the company’s stock valued at $145,000 after purchasing an additional 2,247 shares in the last quarter. Parallel Advisors LLC increased its stake 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 in the last quarter. Nykredit A S bought a new stake in Bilibili during the 2nd quarter valued at $110,000. Finally, PNC Financial Services Group Inc. raised its holdings in Bilibili by 20.0% during the first quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company’s stock worth $272,000 after buying an additional 2,010 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Price Performance

Bilibili stock opened at $14.90 on Monday. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 1.39 and a beta of 0.71. Bilibili has a 52-week low of $14.89 and a 52-week high of $36.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50 day moving average price is $17.22 and its two-hundred day moving average price is $19.80.

Bilibili (NASDAQ:BILIGet Free Report) last released its quarterly earnings data on Saturday, August 15th. The company reported $0.23 earnings per share 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. On average, equities analysts predict that Bilibili will post 0.6 earnings per share for the current year.

Bilibili Company Profile

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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.

Further Reading

Analyst Recommendations for Bilibili (NASDAQ:BILI)

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