Bilibili Inc. (NASDAQ:BILI) Given Average Recommendation of “Hold” by Analysts

Bilibili Inc. (NASDAQ:BILIGet Rating) has earned a consensus rating of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $50.73.

Several brokerages recently issued reports on BILI. Citigroup reduced their price objective on shares of Bilibili from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, June 10th. The Goldman Sachs Group began coverage on shares of Bilibili in a research note on Sunday, April 10th. They set a “hold” rating and a $35.00 price target on the stock. CLSA cut their price target on shares of Bilibili from $33.40 to $25.30 and set an “outperform” rating on the stock in a research note on Wednesday, May 25th. Barclays boosted their price target on shares of Bilibili from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, June 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Bilibili from $19.00 to $25.00 in a research note on Monday, June 13th.

Hedge Funds Weigh In On Bilibili

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC acquired a new stake in shares of Bilibili in the fourth quarter valued at approximately $27,000. PNC Financial Services Group Inc. raised its stake in shares of Bilibili by 382.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock worth $27,000 after purchasing an additional 814 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Bilibili by 143.4% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 594 shares of the company’s stock worth $28,000 after purchasing an additional 350 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Bilibili by 278.1% during the first quarter. Lindbrook Capital LLC now owns 1,259 shares of the company’s stock worth $32,000 after purchasing an additional 926 shares during the last quarter. Finally, James Investment Research Inc. purchased a new stake in shares of Bilibili during the second quarter worth approximately $42,000. 40.49% of the stock is owned by institutional investors and hedge funds.

Bilibili Stock Down 1.6 %

Shares of BILI opened at $24.58 on Friday. The firm has a market cap of $9.60 billion, a P/E ratio of -7.54 and a beta of 1.01. Bilibili has a 12-month low of $14.93 and a 12-month high of $93.47. The company’s 50-day moving average price is $25.57 and its 200 day moving average price is $26.66. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.84.

Bilibili (NASDAQ:BILIGet Rating) last issued its quarterly earnings data on Thursday, June 9th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.06). The company 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 firm’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.39) earnings per share. On average, sell-side analysts forecast that Bilibili will post -2.91 earnings per share for the current year.

Bilibili Company Profile

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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.

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Analyst Recommendations for Bilibili (NASDAQ:BILI)

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