Bilibili Inc. (NASDAQ:BILI) Receives Average Rating of “Buy” from Brokerages

Shares of Bilibili Inc. (NASDAQ:BILI) have received an average rating of “Buy” from the fifteen brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $97.75.

Several brokerages recently issued reports on BILI. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Bilibili in a report on Friday, August 13th. They set a “buy” rating and a $110.00 price target on the stock. HSBC reduced their target price on shares of Bilibili from $140.00 to $127.00 and set a “buy” rating on the stock in a report on Friday, August 20th. CLSA reduced their target price on shares of Bilibili from $114.00 to $76.50 and set an “outperform” rating on the stock in a report on Friday, August 20th. Zacks Investment Research raised shares of Bilibili from a “sell” rating to a “hold” rating in a report on Thursday, August 26th. Finally, KGI Securities initiated coverage on shares of Bilibili in a report on Monday, September 6th. They set an “outperform” rating on the stock.

Several institutional investors have recently added to or reduced their stakes in BILI. Comerica Bank lifted its position in shares of Bilibili by 14.0% during the 1st quarter. Comerica Bank now owns 18,033 shares of the company’s stock valued at $2,104,000 after acquiring an additional 2,221 shares during the period. Victory Capital Management Inc. lifted its position in shares of Bilibili by 136.2% during the 1st quarter. Victory Capital Management Inc. now owns 30,706 shares of the company’s stock valued at $3,287,000 after acquiring an additional 17,708 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of Bilibili during the 1st quarter valued at $278,000. Envestnet Asset Management Inc. lifted its position in shares of Bilibili by 10.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,876 shares of the company’s stock valued at $522,000 after acquiring an additional 453 shares during the period. Finally, EMC Capital Management acquired a new position in shares of Bilibili during the 1st quarter valued at $48,000. Institutional investors own 48.13% of the company’s stock.

Shares of Bilibili stock opened at $79.50 on Wednesday. The firm has a market capitalization of $24.80 billion, a PE ratio of -48.18 and a beta of 1.19. The company has a current ratio of 3.50, a quick ratio of 3.50 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $87.26 and its 200 day moving average is $101.71. Bilibili has a 1 year low of $40.40 and a 1 year high of $157.66.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Wednesday, August 18th. The company reported ($2.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($1.68). The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.30 billion. Bilibili had a negative net margin of 25.45% and a negative return on equity of 23.68%. The company’s revenue for the quarter was up 71.7% compared to the same quarter last year. During the same period last year, the firm posted ($1.35) earnings per share. As a group, research analysts anticipate that Bilibili will post -2.28 earnings per share for the current year.

About Bilibili

Bilibili, Inc is a holding company, which represents the iconic brand of online entertainment for young generations in China. It offers a wide array of content serving young generations’ diverse interests. The firm enables broad video-based content consumption scenarios centered around professional user generated videos, or professional user generated videos (PUGV), supplemented with live broadcasting, occupationally generated videos, or occupationally generated videos (OGV), and more.

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Analyst Recommendations for Bilibili (NASDAQ:BILI)

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