Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives $30.55 Average Price Target from Analysts

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $30.5530.

BILI has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Bilibili in a research report on Monday, April 20th. Citigroup raised Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Friday, March 27th. Wall Street Zen downgraded Bilibili from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. JPMorgan Chase & Co. raised Bilibili from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $27.00 to $35.00 in a research note on Tuesday, March 17th. Finally, Morgan Stanley upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $25.00 to $31.00 in a research report on Monday, April 13th.

Institutional Investors Weigh In On Bilibili

Several institutional investors and hedge funds have recently made changes to their positions in BILI. EverSource Wealth Advisors LLC increased its stake in shares of Bilibili by 76.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock worth $37,000 after purchasing an additional 706 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Bilibili by 120.9% during the 1st quarter. Lazard Asset Management LLC now owns 49,758 shares of the company’s stock worth $1,123,000 after purchasing an additional 27,231 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Bilibili by 121.1% during the 1st quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock worth $11,445,000 after purchasing an additional 277,900 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Bilibili by 20.0% in the first quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company’s stock valued at $272,000 after acquiring an additional 2,010 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Bilibili by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 170,834 shares of the company’s stock valued at $3,854,000 after acquiring an additional 11,413 shares in the last quarter. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Bilibili Price Performance

Shares of BILI opened at $19.63 on Tuesday. Bilibili has a twelve month low of $17.66 and a twelve month high of $36.40. The stock’s 50 day moving average is $23.35 and its two-hundred day moving average is $26.61. The firm has a market capitalization of $8.14 billion, a PE ratio of 51.66 and a beta of 0.79. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.31.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Saturday, May 16th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Bilibili had a return on equity of 9.70% and a net margin of 3.96%. Research analysts anticipate that Bilibili will post 0.64 earnings per share for the current year.

About Bilibili

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.