Shares of Bilibili Inc – (NASDAQ:BILI) have been assigned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $19.86.

A number of research firms have commented on BILI. 86 Research raised shares of Bilibili to a “buy” rating and set a $19.00 price target for the company in a research note on Friday, May 17th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, UBS Group boosted their price target on shares of L Brands from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th.

BILI stock traded down $0.07 during midday trading on Monday, reaching $16.40. The company had a trading volume of 1,398,158 shares, compared to its average volume of 2,180,679. Bilibili has a 1 year low of $9.09 and a 1 year high of $21.50. The company has a market cap of $4.57 billion, a P/E ratio of -43.16 and a beta of 1.81. The company’s 50-day moving average is $15.17.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.07. Bilibili had a negative net margin of 14.65% and a negative return on equity of 11.13%. The business had revenue of $203.54 million during the quarter, compared to analysts’ expectations of $192.60 million.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC bought a new position in shares of Bilibili in the 1st quarter worth approximately $35,000. Stifel Financial Corp purchased a new position in shares of Bilibili during the 4th quarter worth $160,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Bilibili during the 4th quarter worth $185,000. BNP Paribas Arbitrage SA grew its holdings in shares of Bilibili by 18.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 14,339 shares of the company’s stock worth $272,000 after purchasing an additional 2,278 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Bilibili by 5.7% during the 1st quarter. Bank of Montreal Can now owns 15,829 shares of the company’s stock worth $299,000 after purchasing an additional 857 shares during the period. Hedge funds and other institutional investors own 26.12% of the company’s stock.

Bilibili Company Profile

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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Analyst Recommendations for Bilibili (NASDAQ:BILI)

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