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

Bilibili Inc. (NASDAQ:BILI) has received a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat reports. One investment 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 1 year target price among analysts that have issued a report on the stock in the last year is $15.26.

Several research firms have recently commented on BILI. Daiwa Capital Markets downgraded Bilibili from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. JPMorgan Chase & Co. raised Bilibili from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $10.00 to $11.00 in a research report on Monday, March 11th. Citigroup downgraded Bilibili from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $18.00 to $12.50 in a research report on Monday, March 11th. Finally, Mizuho reduced their price target on Bilibili from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, January 17th.

Institutional Investors Weigh In On Bilibili

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aviva PLC lifted its stake in Bilibili by 0.9% during the first quarter. Aviva PLC now owns 77,581 shares of the company’s stock worth $1,985,000 after purchasing an additional 700 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Bilibili by 5.8% in the 2nd quarter. Cerity Partners LLC now owns 13,014 shares of the company’s stock valued at $197,000 after acquiring an additional 708 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Bilibili by 382.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,027 shares of the company’s stock valued at $27,000 after acquiring an additional 814 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Bilibili by 1.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 69,000 shares of the company’s stock valued at $1,765,000 after acquiring an additional 900 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Bilibili by 9.8% in the 3rd quarter. Rhumbline Advisers now owns 11,155 shares of the company’s stock valued at $154,000 after acquiring an additional 995 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.

Bilibili Trading Down 1.4 %

Bilibili stock opened at $10.91 on Monday. Bilibili has a 12 month low of $8.80 and a 12 month high of $20.83. The stock’s 50 day moving average is $10.96 and its 200-day moving average is $11.69. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of -6.65 and a beta of 0.99.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.03). Bilibili had a negative net margin of 21.34% and a negative return on equity of 28.12%. The firm had revenue of $881.13 million during the quarter, compared to analyst estimates of $891.61 million. As a group, equities research analysts predict that Bilibili will post -0.54 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.