Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives $30.44 Consensus PT from Analysts

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $30.4444.

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

Bilibili Stock Performance

Bilibili stock opened at $14.90 on Monday. The firm has a 50-day moving average of $17.09 and a 200-day moving average of $19.62. Bilibili has a one year low of $14.39 and a one year high of $36.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 1.34 and a beta of 0.71.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Saturday, August 15th. The company reported $0.23 earnings per share for the quarter. The company had revenue of $1.17 billion during the quarter. Bilibili had a return on equity of 11.42% and a net margin of 4.88%. On average, equities analysts expect that Bilibili will post 0.6 earnings per share for the current fiscal year.

Institutional Trading of Bilibili

A number of large investors have recently added to or reduced their stakes in BILI. Panagora Asset Management Inc. increased its stake in shares of Bilibili by 138.0% during the 4th quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock worth $21,378,000 after purchasing an additional 504,070 shares during the last quarter. MY.Alpha Management HK Advisors Ltd bought a new stake in shares of Bilibili in the 4th quarter valued at about $16,620,000. Renaissance Technologies LLC lifted its stake in Bilibili by 121.1% in the 1st quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock valued at $11,445,000 after purchasing an additional 277,900 shares during the last quarter. XY Capital Ltd lifted its stake in Bilibili by 148.1% in the 2nd quarter. XY Capital Ltd now owns 253,880 shares of the company’s stock valued at $4,324,000 after purchasing an additional 151,563 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Bilibili by 230.5% during the first quarter. Hsbc Holdings PLC now owns 199,039 shares of the company’s stock worth $4,458,000 after purchasing an additional 138,810 shares during the period. Institutional investors and hedge funds own 16.08% of the company’s stock.

About Bilibili

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.