Bilibili Inc. (NASDAQ:BILI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Bilibili Inc. (NASDAQ:BILI) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $21.11.

Several research analysts recently weighed in on the company. Nomura Securities lowered Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Benchmark raised their price target on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Barclays raised their price target on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st.

Institutional Trading of Bilibili

Hedge funds and other institutional investors have recently bought and sold shares of the business. Avior Wealth Management LLC raised its stake in Bilibili by 1,817.7% in the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock valued at $27,000 after buying an additional 1,436 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in Bilibili in the third quarter valued at $53,000. Venturi Wealth Management LLC acquired a new stake in Bilibili in the third quarter valued at $63,000. Federated Hermes Inc. acquired a new stake in Bilibili in the fourth quarter valued at $55,000. Finally, Blue Trust Inc. raised its stake in Bilibili by 147.8% in the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock valued at $58,000 after buying an additional 1,896 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Stock Up 3.9 %

Shares of NASDAQ BILI opened at $22.28 on Thursday. The company’s 50-day simple moving average is $19.15 and its 200-day simple moving average is $19.48. Bilibili has a 52-week low of $10.37 and a 52-week high of $31.77. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of -49.51 and a beta of 0.93. The company has a quick ratio of 1.05, a current ratio of 1.34 and a debt-to-equity ratio of 0.23.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. Equities analysts predict that Bilibili will post 0.16 EPS for the current fiscal year.

About Bilibili

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.