Bilibili Inc. (NASDAQ:BILI) Receives Consensus Rating of “Hold” from Analysts

Bilibili Inc. (NASDAQ:BILIGet Free Report) has been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $16.53.

Several analysts have commented on BILI shares. The Goldman Sachs Group dropped their price objective on Bilibili from $17.40 to $15.60 and set a “neutral” rating on the stock in a report on Thursday, November 30th. UBS Group cut shares of Bilibili from a “buy” rating to a “neutral” rating and dropped their price target for the company from $22.00 to $13.20 in a research note on Monday, December 4th. Benchmark dropped their target price on shares of Bilibili from $35.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, November 30th. Daiwa Capital Markets lowered shares of Bilibili from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. Finally, Barclays cut Bilibili from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $15.00 to $10.00 in a report on Thursday, November 30th.

View Our Latest Stock Analysis on BILI

Institutional Trading of Bilibili

Institutional investors have recently made changes to their positions in the company. Artisan Partners Limited Partnership boosted its position in shares of Bilibili by 3.9% during the third quarter. Artisan Partners Limited Partnership now owns 3,790,190 shares of the company’s stock worth $52,191,000 after buying an additional 143,881 shares during the period. Morgan Stanley lifted its holdings in Bilibili by 47.6% during the 3rd quarter. Morgan Stanley now owns 3,174,384 shares of the company’s stock worth $43,711,000 after buying an additional 1,023,650 shares in the last quarter. Renaissance Technologies LLC boosted its position in Bilibili by 184.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,076,066 shares of the company’s stock valued at $48,788,000 after buying an additional 1,345,900 shares during the period. First Beijing Investment Ltd acquired a new position in shares of Bilibili in the second quarter worth $29,929,000. Finally, Bridgewater Associates LP raised its stake in shares of Bilibili by 48.6% in the first quarter. Bridgewater Associates LP now owns 1,099,588 shares of the company’s stock valued at $28,127,000 after acquiring an additional 359,842 shares in the last quarter. Hedge funds and other institutional investors own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of NASDAQ BILI opened at $10.20 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of -5.83 and a beta of 0.97. The firm’s 50 day simple moving average is $10.88 and its 200-day simple moving average is $13.32. Bilibili has a 12 month low of $8.80 and a 12 month high of $25.58.

Bilibili (NASDAQ:BILIGet Free Report) last released its quarterly earnings data on Wednesday, November 29th. The company reported ($2.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.90) by ($0.22). Bilibili had a negative net margin of 22.44% and a negative return on equity of 32.20%. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the previous year, the firm posted ($0.72) EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Analysts expect that Bilibili will post -1.49 EPS 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, live broadcasting, and story mode.

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Analyst Recommendations for Bilibili (NASDAQ:BILI)

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