Bilibili (NASDAQ:BILI) Price Target Raised to $21.00 at Mizuho

Bilibili (NASDAQ:BILI) had its price target lifted by Mizuho from $17.00 to $21.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also issued reports on the stock. Barclays upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. Daiwa America upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Nomura raised 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. Finally, The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and increased their price target for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.51.

Bilibili Price Performance

BILI stock opened at $21.08 on Tuesday. The company’s 50 day simple moving average is $20.25 and its 200-day simple moving average is $16.85. The firm has a market capitalization of $8.74 billion, a PE ratio of -15.73 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 quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The business had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.43) earnings per share. As a group, sell-side analysts anticipate that Bilibili will post -0.32 earnings per share for the current year.

Institutional Investors Weigh In On Bilibili

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after buying an additional 891 shares during the period. CWM LLC increased its stake in Bilibili by 61.9% during the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after buying an additional 853 shares during the period. Venturi Wealth Management LLC purchased a new stake in Bilibili during the 3rd quarter worth $63,000. Assetmark Inc. acquired a new position in Bilibili during the 3rd quarter worth $159,000. Finally, Signaturefd LLC grew its holdings in Bilibili by 6.5% during the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock worth $228,000 after acquiring an additional 598 shares in the last quarter. Hedge funds and other institutional investors 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.