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

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $30.7778.

Several equities analysts recently commented on BILI shares. Wall Street Zen lowered shares of Bilibili from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bilibili in a research report on Monday, April 20th. Citigroup raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Friday, March 27th. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $30.00 price target on shares of Bilibili in a research report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. raised shares of Bilibili from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $27.00 to $35.00 in a research report on Tuesday, March 17th.

Institutional Investors Weigh In On Bilibili

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in Bilibili by 76.6% during the first quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock worth $37,000 after buying an additional 706 shares during the period. Kestra Advisory Services LLC purchased a new stake in Bilibili during the fourth quarter worth approximately $43,000. Hantz Financial Services Inc. grew its stake in Bilibili by 253.0% during the third quarter. Hantz Financial Services Inc. now owns 3,639 shares of the company’s stock worth $102,000 after buying an additional 2,608 shares during the period. JPMorgan Chase & Co. grew its stake in Bilibili by 25.7% during the second quarter. JPMorgan Chase & Co. now owns 5,295 shares of the company’s stock worth $114,000 after buying an additional 1,081 shares during the period. Finally, Parallel Advisors LLC grew its stake in Bilibili by 24.0% during the first quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock worth $141,000 after buying an additional 1,211 shares during the period. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Bilibili Stock Performance

Shares of BILI stock opened at $17.46 on Friday. Bilibili has a one year low of $16.92 and a one year high of $36.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.35 and a current ratio of 1.35. The company has a 50 day moving average price of $21.33 and a 200 day moving average price of $25.59. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 38.80 and a beta of 0.71.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Saturday, May 16th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Bilibili had a net margin of 4.58% and a return on equity of 10.81%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. Bilibili’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts anticipate that Bilibili will post 0.61 EPS for the current year.

About Bilibili

Bilibili (NASDAQ: BILI) is a leading Chinese online entertainment platform renowned for its focus on animation, comics and games (ACG) content. The company operates a video-sharing website where users can view, upload and comment on a wide range of content, from full-length anime episodes to user-generated short videos. In addition to on-demand streaming, Bilibili offers live broadcasting services that connect creators with fans through real-time interaction features such as “bullet comments” that flow across the screen.

Beyond its core video community, Bilibili generates revenue through multiple value-added services.