Bilibili (NASDAQ:BILI) Given New $24.00 Price Target at Benchmark

Bilibili (NASDAQ:BILI) had its price objective lifted by investment analysts at Benchmark from $16.00 to $24.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target suggests a potential upside of 29.10% from the stock’s previous close.

A number of other analysts have also recently issued reports on BILI. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Barclays upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $14.00 to $19.00 in a research note on Friday, August 23rd. Morgan Stanley assumed coverage on shares of Bilibili in a research report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price on the stock. Nomura Securities raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Finally, Mizuho lifted their price objective on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.24.

Bilibili Stock Down 12.6 %

BILI opened at $18.59 on Friday. The stock’s 50 day moving average price is $20.50 and its two-hundred day moving average price is $16.94. The firm has a market capitalization of $7.70 billion, a P/E ratio of -13.87 and a beta of 0.86. Bilibili has a 12-month low of $8.80 and a 12-month high of $31.77.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.55). Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The company had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter in the previous year, the business posted ($0.43) EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, analysts anticipate that Bilibili will post -0.32 earnings per share for the current year.

Institutional Trading of Bilibili

A number of hedge funds and other institutional investors have recently made changes to their positions in BILI. Blue Trust Inc. boosted its position in Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock valued at $30,000 after buying an additional 891 shares during the last quarter. CWM LLC raised its holdings in Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Bilibili during the 3rd quarter valued at about $63,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Bilibili by 26.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,528 shares of the company’s stock valued at $82,000 after buying an additional 735 shares during the period. Finally, Sandia Investment Management LP bought a new position in Bilibili during the 1st quarter worth about $112,000. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.