Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Stock Has Average Target Price of $29.70

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have been given an average recommendation of “Moderate Buy” by the ten research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $29.65.

Several brokerages recently commented on BILI. Benchmark reissued a “buy” rating on shares of Bilibili in a research note on Friday, August 28th. BNP Paribas Exane started coverage on shares of Bilibili in a research report on Tuesday, September 22nd. They issued an “outperform” rating and a $23.00 target price for the company. Piper Sandler set a $29.00 target price on shares of Bilibili in a research report on Friday, August 28th. Weiss Ratings lowered shares of Bilibili from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, Citigroup cut their price target on shares of Bilibili from $27.00 to $26.50 and set a “buy” rating on the stock in a report on Wednesday.

Bilibili Price Performance

BILI opened at $14.43 on Friday. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.20 and a beta of 0.65. Bilibili has a 1 year low of $14.04 and a 1 year high of $36.40. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of $15.81 and a 200 day moving average price of $18.26.

Bilibili (NASDAQ:BILI) last issued its earnings results on Saturday, August 15th. The company reported $0.23 EPS for the quarter. Bilibili had a return on equity of 11.42% and a net margin of 4.88%. The firm had revenue of $1.17 billion for the quarter. Analysts forecast that Bilibili will post 0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Bilibili

A number of large investors have recently bought and sold shares of BILI. Farther Finance Advisors LLC raised its holdings in Bilibili by 53.5% during the third quarter. Farther Finance Advisors LLC now owns 2,084 shares of the company’s stock valued at $31,000 after buying an additional 726 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Bilibili by 76.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,628 shares of the company’s stock worth $37,000 after acquiring an additional 706 shares in the last quarter. Nykredit A S bought a new stake in shares of Bilibili during the 2nd quarter worth about $110,000. Parallel Advisors LLC boosted its stake in shares of Bilibili by 24.0% during the 1st quarter. Parallel Advisors LLC now owns 6,257 shares of the company’s stock worth $141,000 after acquiring an additional 1,211 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Bilibili by 20.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,078 shares of the company’s stock valued at $272,000 after acquiring an additional 2,010 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors.

About Bilibili

Bilibili Inc (NASDAQ: BILI) operates a digital entertainment and content platform primarily serving users in China. The company is known for its strong focus on anime, comics and games, as well as its community-oriented culture and interactive video features. Its platform hosts user-generated content, professionally produced videos and other forms of entertainment across categories such as lifestyle, knowledge, music and technology.

Bilibili offers online video services, livestreaming, mobile games and other value-added services.