Bilibili Inc. (NASDAQ:BILI) Given Average Rating of “Hold” by Brokerages

Shares of Bilibili Inc. (NASDAQ:BILI) have received an average recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.26.

BILI has been the subject of a number of research analyst reports. Citigroup downgraded shares of Bilibili from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $12.50 in a research report on Monday, March 11th. JPMorgan Chase & Co. raised shares of Bilibili from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $10.00 to $11.00 in a research report on Monday, March 11th. Mizuho lowered their price objective on shares of Bilibili from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, January 17th. Finally, Daiwa Capital Markets downgraded shares of Bilibili from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th.

Institutional Trading of Bilibili

A number of hedge funds have recently made changes to their positions in BILI. Vontobel Holding Ltd. grew its position in shares of Bilibili by 6.6% during the third quarter. Vontobel Holding Ltd. now owns 35,015 shares of the company’s stock worth $482,000 after buying an additional 2,157 shares in the last quarter. Ronald Blue Trust Inc. grew its position in shares of Bilibili by 79.1% during the third quarter. Ronald Blue Trust Inc. now owns 3,347 shares of the company’s stock worth $51,000 after buying an additional 1,478 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Bilibili by 205.8% during the third quarter. SG Americas Securities LLC now owns 39,734 shares of the company’s stock worth $547,000 after buying an additional 26,739 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Bilibili by 30.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 687,069 shares of the company’s stock worth $9,461,000 after buying an additional 161,396 shares in the last quarter. Finally, Altfest L J & Co. Inc. grew its position in shares of Bilibili by 55.0% during the third quarter. Altfest L J & Co. Inc. now owns 30,006 shares of the company’s stock worth $413,000 after buying an additional 10,644 shares in the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

Bilibili Price Performance

Shares of BILI stock opened at $13.12 on Monday. The firm has a market cap of $5.41 billion, a P/E 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 firm’s 50-day simple moving average is $11.19 and its 200-day simple moving average is $11.64.

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

About Bilibili

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.