Analysts Set Bilibili Inc – (BILI) Price Target at $17.00
Bilibili Inc – (NASDAQ:BILI) has been given an average rating of “Buy” by the seven ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $17.00.
A number of research analysts recently commented on BILI shares. Zacks Investment Research upgraded Bilibili from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Morgan Stanley upgraded Bilibili from an “equal weight” rating to an “overweight” rating and set a $17.00 price objective for the company in a research note on Tuesday, January 8th. Credit Suisse Group started coverage on Bilibili in a research note on Monday, December 10th. They set an “outperform” rating for the company. Citigroup started coverage on Bilibili in a research note on Thursday, January 31st. They set a “buy” rating and a $22.00 price objective for the company. Finally, Daiwa Capital Markets started coverage on Bilibili in a research note on Monday, January 14th. They set an “outperform” rating for the company.
Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Bilibili by 31.4% in the fourth quarter. BlackRock Inc. now owns 1,921,432 shares of the company’s stock worth $28,034,000 after purchasing an additional 458,999 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Bilibili in the fourth quarter worth $1,019,000. Matthews International Capital Management LLC grew its stake in shares of Bilibili by 24.4% in the fourth quarter. Matthews International Capital Management LLC now owns 389,700 shares of the company’s stock worth $5,686,000 after purchasing an additional 76,500 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Bilibili in the fourth quarter worth $73,000. Finally, TB Alternative Assets Ltd. grew its stake in shares of Bilibili by 72.7% in the fourth quarter. TB Alternative Assets Ltd. now owns 3,416,091 shares of the company’s stock worth $49,841,000 after purchasing an additional 1,437,679 shares in the last quarter. Hedge funds and other institutional investors own 12.11% of the company’s stock.
Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Tuesday, November 20th. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.02). The company had revenue of $157.08 million during the quarter, compared to analysts’ expectations of $147.46 million. Equities analysts predict that Bilibili will post -0.43 earnings per share for the current fiscal year.
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.
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