Bilibili Inc. (NASDAQ:BILI) Given Average Recommendation of “Hold” by Analysts

Shares of Bilibili Inc. (NASDAQ:BILI) have earned an average recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $15.26.

A number of brokerages recently weighed in on BILI. Daiwa Capital Markets cut Bilibili from a “buy” rating to a “neutral” rating in a research note on Friday, January 19th. Mizuho lowered their target price on Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, January 17th. JPMorgan Chase & Co. raised Bilibili from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $10.00 to $11.00 in a research note on Monday, March 11th. Finally, Citigroup cut Bilibili from a “buy” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $12.50 in a research note on Monday, March 11th.

Hedge Funds Weigh In On Bilibili

A number of institutional investors and hedge funds have recently bought and sold shares of BILI. Ronald Blue Trust Inc. lifted its stake in Bilibili by 79.1% in the third quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock valued at $51,000 after buying an additional 1,478 shares during the period. Mizuho Securities Co. Ltd. bought a new stake in shares of Bilibili in the fourth quarter worth about $55,000. Parallel Advisors LLC increased its holdings in shares of Bilibili by 62.6% in the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after acquiring an additional 1,734 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Bilibili by 349.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the company’s stock worth $82,000 after acquiring an additional 5,210 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Bilibili by 29.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,970 shares of the company’s stock worth $85,000 after acquiring an additional 1,569 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Stock Performance

BILI stock opened at $13.12 on Monday. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of -8.00 and a beta of 0.99. Bilibili has a 1 year low of $8.80 and a 1 year high of $20.56. The stock’s fifty day moving average is $11.19 and its two-hundred day moving average is $11.68.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). The company had revenue of $881.13 million for the quarter, compared to the consensus estimate of $891.61 million. Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. As a group, analysts predict that Bilibili will post -0.55 EPS for the current fiscal year.

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.