Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Stock Has Average Price Target of $29.70

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $29.70.

Several analysts have recently commented on the company. Piper Sandler set a $29.00 target price on Bilibili in a report on Friday, August 28th. Morgan Stanley reissued an “overweight” rating and issued a $27.00 price target on shares of Bilibili in a report on Thursday, August 27th. BNP Paribas Exane assumed coverage on Bilibili in a report on Tuesday, September 22nd. They issued an “outperform” rating and a $23.00 price target on the stock. Benchmark reissued a “buy” rating on shares of Bilibili in a research report on Friday, August 28th. Finally, Weiss Ratings raised shares of Bilibili from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. MY.Alpha Management HK Advisors Ltd purchased a new stake in Bilibili in the 4th quarter worth approximately $16,620,000. Panagora Asset Management Inc. lifted its position in shares of Bilibili by 138.0% in the fourth quarter. Panagora Asset Management Inc. now owns 869,388 shares of the company’s stock worth $21,378,000 after buying an additional 504,070 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Bilibili by 121.1% during the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock valued at $11,445,000 after buying an additional 277,900 shares during the last quarter. XY Capital Ltd grew its holdings in Bilibili by 148.1% during the 2nd quarter. XY Capital Ltd now owns 253,880 shares of the company’s stock valued at $4,324,000 after buying an additional 151,563 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Bilibili by 230.5% during the 1st quarter. Hsbc Holdings PLC now owns 199,039 shares of the company’s stock worth $4,458,000 after acquiring an additional 138,810 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Performance

BILI opened at $14.98 on Friday. The stock has a market cap of $6.21 billion, a PE ratio of 26.65, a P/E/G ratio of 1.27 and a beta of 0.65. Bilibili has a 1 year low of $14.31 and a 1 year high of $36.40. The stock’s 50 day simple moving average is $15.99 and its 200-day simple moving average is $18.37. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29.

Bilibili (NASDAQ:BILI) last issued its earnings results on Saturday, August 15th. The company reported $0.23 earnings per share for the quarter. The business had revenue of $1.17 billion for the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. Sell-side analysts forecast that Bilibili will post 0.64 EPS for the current year.

Bilibili Company Profile

Bilibili Inc (NASDAQ: BILI) operates a digital entertainment and content platform primarily serving users in China. The company is known for its strong focus on anime, comics and games, as well as its community-oriented culture and interactive video features. Its platform hosts user-generated content, professionally produced videos and other forms of entertainment across categories such as lifestyle, knowledge, music and technology.

Bilibili offers online video services, livestreaming, mobile games and other value-added services.