Shares of Bilibili Inc – (NASDAQ:BILI) have been assigned an average rating of “Buy” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $19.86.
Several equities research analysts recently commented on the company. JPMorgan Chase & Co. lowered Bilibili from an “overweight” rating to a “neutral” rating and upped their target price for the company from $17.00 to $20.00 in a research report on Friday, March 1st. China Renaissance Securities assumed coverage on Bilibili in a research report on Wednesday, February 27th. They set a “buy” rating on the stock. UBS Group assumed coverage on Bilibili in a research report on Wednesday, April 10th. They set a “buy” rating and a $23.00 target price on the stock. Daiwa Capital Markets set a $23.00 target price on Bilibili and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, 86 Research upgraded Bilibili to a “buy” rating and set a $19.00 target price on the stock in a research report on Friday, May 17th.
NASDAQ BILI opened at $14.69 on Thursday. Bilibili has a 12 month low of $9.09 and a 12 month high of $22.70. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of -38.66 and a beta of 1.69.
Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. Bilibili had a negative return on equity of 11.13% and a negative net margin of 14.65%. The firm had revenue of $203.54 million for the quarter, compared to analyst estimates of $192.60 million. On average, equities research analysts expect that Bilibili will post -0.49 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. Joseph P. Lucia & Associates LLC bought a new position in Bilibili in the first quarter worth approximately $35,000. Bank of Montreal Can boosted its holdings in Bilibili by 5.7% in the first quarter. Bank of Montreal Can now owns 15,829 shares of the company’s stock worth $299,000 after acquiring an additional 857 shares in the last quarter. Bayesian Capital Management LP boosted its holdings in Bilibili by 7.0% in the first quarter. Bayesian Capital Management LP now owns 19,900 shares of the company’s stock worth $377,000 after acquiring an additional 1,300 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Bilibili by 27.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,877 shares of the company’s stock worth $149,000 after acquiring an additional 1,712 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Bilibili by 4.1% in the first quarter. SG Americas Securities LLC now owns 45,000 shares of the company’s stock worth $853,000 after acquiring an additional 1,781 shares in the last quarter. Institutional investors own 26.12% 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 platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.
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