Bilibili Inc. (NASDAQ:BILI – Get Free Report) gapped up prior to trading on Monday after Bank of America raised their price target on the stock from $19.00 to $22.50. The stock had previously closed at $20.65, but opened at $21.47. Bank of America currently has a buy rating on the stock. Bilibili shares last traded at $21.84, with a volume of 886,694 shares changing hands.
Other equities research analysts have also issued research reports about the company. Sanford C. Bernstein lifted their target price on Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Daiwa Capital Markets downgraded Bilibili from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 3rd. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, August 22nd. Daiwa America cut Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley began coverage on shares of Bilibili in a research report on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 price target for the company. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.15.
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Institutional Trading of Bilibili
Bilibili Stock Performance
The company has a market capitalization of $9.18 billion, a P/E ratio of -13.26 and a beta of 0.86. The business’s fifty day simple moving average is $18.42 and its 200-day simple moving average is $16.01.
Bilibili (NASDAQ:BILI – Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The company had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.43) EPS. As a group, analysts forecast that Bilibili Inc. will post -0.37 EPS for the current 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.
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