Bank of America Increases Bilibili (NASDAQ:BILI) Price Target to $19.00

Bilibili (NASDAQ:BILI) had its target price increased by Bank of America from $18.00 to $19.00 in a report released on Tuesday morning, Benzinga reports. Bank of America currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on BILI. JPMorgan Chase & Co. upgraded shares of Bilibili from a neutral rating to an overweight rating and set a $21.00 price target on the stock in a research note on Tuesday, June 18th. Daiwa Capital Markets upgraded shares of Bilibili from a neutral rating to an outperform rating in a research note on Thursday, August 22nd. UBS Group upgraded shares of Bilibili from a neutral rating to a buy rating and lifted their price target for the company from $11.90 to $18.00 in a research note on Friday, May 31st. Benchmark lifted their price target on shares of Bilibili from $15.00 to $16.00 and gave the company a buy rating in a research note on Friday, May 24th. Finally, Nomura upgraded shares of Bilibili from a neutral rating to a buy rating and set a $18.00 price target on the stock in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Bilibili presently has a consensus rating of Moderate Buy and an average target price of $16.91.

Bilibili Stock Performance

Shares of BILI stock opened at $15.12 on Tuesday. Bilibili has a 52-week low of $8.80 and a 52-week high of $18.19. The stock has a market cap of $6.24 billion, a PE ratio of -9.05 and a beta of 0.85. The firm’s 50 day moving average price is $15.02 and its two-hundred day moving average price is $13.69.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The business had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. Bilibili’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.43) earnings per share. As a group, sell-side analysts predict that Bilibili will post -0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BILI. CWM LLC grew its stake in Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after buying an additional 853 shares during the last quarter. Parallel Advisors LLC grew its stake in Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after buying an additional 1,734 shares during the last quarter. Sandia Investment Management LP acquired a new position in Bilibili in the 1st quarter valued at about $112,000. Quadrant Capital Group LLC grew its stake in Bilibili by 19.3% in the 4th quarter. Quadrant Capital Group LLC now owns 10,283 shares of the company’s stock valued at $125,000 after buying an additional 1,667 shares during the last quarter. Finally, Beck Bode LLC acquired a new position in Bilibili in the 2nd quarter valued at about $165,000. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.