Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Receives $30.78 Average PT from Brokerages

Bilibili Inc. Sponsored ADR (NASDAQ:BILI) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $30.7778.

A number of brokerages recently issued reports on BILI. Citigroup raised Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Friday, March 27th. Morgan Stanley raised Bilibili from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $31.00 in a report on Monday, April 13th. Macquarie Infrastructure reissued an “outperform” rating and set a $30.00 price objective on shares of Bilibili in a report on Tuesday, May 19th. Wall Street Zen cut Bilibili from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Benchmark reissued a “buy” rating on shares of Bilibili in a report on Wednesday, May 20th.

Bilibili Stock Performance

NASDAQ:BILI opened at $18.08 on Friday. Bilibili has a 1 year low of $16.92 and a 1 year high of $36.40. The company has a market capitalization of $7.50 billion, a P/E ratio of 40.18 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.35 and a quick ratio of 1.35. The business has a fifty day simple moving average of $21.07 and a two-hundred day simple moving average of $25.43.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Saturday, May 16th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Bilibili had a return on equity of 10.81% and a net margin of 4.58%.The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. On average, analysts expect that Bilibili will post 0.61 earnings per share for the current year.

Hedge Funds Weigh In On Bilibili

Several institutional investors have recently modified their holdings of BILI. Royal Bank of Canada boosted its holdings in Bilibili by 1.2% during the 1st quarter. Royal Bank of Canada now owns 87,505 shares of the company’s stock valued at $1,672,000 after acquiring an additional 1,014 shares during the period. Geode Capital Management LLC boosted its holdings in Bilibili by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 103,666 shares of the company’s stock valued at $2,224,000 after acquiring an additional 713 shares during the period. Cetera Investment Advisers purchased a new stake in Bilibili during the 2nd quarter valued at about $398,000. JPMorgan Chase & Co. boosted its holdings in Bilibili by 25.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock valued at $114,000 after acquiring an additional 1,081 shares during the period. Finally, Norges Bank purchased a new stake in Bilibili during the 2nd quarter valued at about $244,000. 16.08% of the stock is currently owned by institutional investors.

Bilibili Company Profile

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.