Bilibili Inc. (NASDAQ:BILI) Receives Average Recommendation of “Hold” from Analysts

Bilibili Inc. (NASDAQ:BILI) has received an average rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $15.26.

A number of research analysts have recently commented on BILI shares. Citigroup lowered Bilibili from a “buy” rating to a “neutral” rating and cut their price target for the stock from $18.00 to $12.50 in a report on Monday, March 11th. JPMorgan Chase & Co. upgraded Bilibili from an “underweight” rating to a “neutral” rating and upped their target price for the company from $10.00 to $11.00 in a research note on Monday, March 11th. Mizuho cut their target price on Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, January 17th. Finally, Daiwa Capital Markets lowered Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th.

Bilibili Stock Up 5.0 %

Shares of BILI stock opened at $13.12 on Monday. Bilibili has a 12 month low of $8.80 and a 12 month high of $20.56. The firm has a market cap of $5.41 billion, a PE ratio of -8.00 and a beta of 0.99. The stock has a 50 day moving average of $11.19 and a 200-day moving average of $11.64.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). Bilibili had a negative return on equity of 28.12% and a negative net margin of 21.34%. The business had revenue of $881.13 million for the quarter, compared to analyst estimates of $891.61 million. As a group, equities analysts predict that Bilibili will post -0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Ronald Blue Trust Inc. raised its stake in Bilibili by 79.1% during the third quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock worth $51,000 after acquiring an additional 1,478 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new position in Bilibili during the fourth quarter worth $55,000. Parallel Advisors LLC raised its stake in Bilibili by 62.6% during the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after acquiring an additional 1,734 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Bilibili by 349.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock worth $82,000 after purchasing an additional 5,210 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Bilibili by 29.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock worth $85,000 after purchasing an additional 1,569 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.