Nomura Increases Bilibili (NASDAQ:BILI) Price Target to $20.00

Bilibili (NASDAQ:BILI) had its price target hoisted by equities researchers at Nomura from $18.00 to $20.00 in a note issued to investors on Wednesday, The Fly reports. Nomura’s target price indicates a potential upside of 23.00% from the stock’s previous close.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. set a $15.00 target price on Bilibili and gave the stock a “hold” rating in a report on Thursday, August 29th. Citigroup cut their price target on shares of Bilibili from $23.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Zacks Investment Research cut shares of Bilibili from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Jefferies Financial Group started coverage on shares of Bilibili in a research report on Monday, August 5th. They set a “buy” rating and a $17.90 price objective for the company. Finally, TheStreet raised Bilibili from a “d” rating to a “c-” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Bilibili presently has a consensus rating of “Buy” and an average price target of $19.34.

NASDAQ BILI traded up $0.53 on Wednesday, reaching $16.26. The company had a trading volume of 272,004 shares, compared to its average volume of 2,371,796. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.80 and a current ratio of 2.80. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of -42.79 and a beta of 1.85. Bilibili has a 1-year low of $12.66 and a 1-year high of $21.50. The company’s fifty day moving average is $15.26 and its 200-day moving average is $15.18.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Monday, November 18th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.87). Bilibili had a negative return on equity of 13.32% and a negative net margin of 17.94%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the company earned ($0.72) EPS. The company’s revenue for the quarter was up 72.3% on a year-over-year basis. On average, research analysts forecast that Bilibili will post -0.58 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp acquired a new position in Bilibili during the 2nd quarter worth approximately $514,000. Vanguard Group Inc. boosted its position in Bilibili by 8.7% in the second quarter. Vanguard Group Inc. now owns 1,836,305 shares of the company’s stock valued at $29,876,000 after buying an additional 146,735 shares in the last quarter. Matthews International Capital Management LLC boosted its position in Bilibili by 38.7% in the third quarter. Matthews International Capital Management LLC now owns 1,527,100 shares of the company’s stock valued at $21,563,000 after buying an additional 425,800 shares in the last quarter. Hillhouse Capital Advisors LTD. grew its stake in shares of Bilibili by 134.4% during the second quarter. Hillhouse Capital Advisors LTD. now owns 8,090,463 shares of the company’s stock worth $131,632,000 after buying an additional 4,638,232 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Bilibili by 43.4% during the second quarter. BlackRock Inc. now owns 1,265,496 shares of the company’s stock worth $20,590,000 after buying an additional 383,212 shares during the last quarter. 31.90% of the stock is currently owned by institutional investors.

About Bilibili

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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