Bilibili Inc – (BILI) Given Consensus Rating of “Buy” by Brokerages
Shares of Bilibili Inc – (NASDAQ:BILI) have received an average rating of “Buy” from the six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $15.33.
A number of research firms have weighed in on BILI. Zacks Investment Research lowered Bilibili from a “hold” rating to a “sell” rating in a research note on Thursday. Daiwa Capital Markets began coverage on Bilibili in a research note on Monday. They set an “outperform” rating on the stock. Credit Suisse Group began coverage on Bilibili in a research note on Monday, December 10th. They set an “outperform” rating on the stock. Finally, Morgan Stanley lowered Bilibili from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $13.50 to $11.00 in a research note on Monday, September 24th.
Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in shares of Bilibili by 7.0% in the 3rd quarter. Wells Fargo & Company MN now owns 4,558,346 shares of the company’s stock valued at $61,447,000 after purchasing an additional 300,067 shares during the last quarter. Tiger Pacific Capital LP lifted its stake in shares of Bilibili by 797.9% in the 3rd quarter. Tiger Pacific Capital LP now owns 3,006,724 shares of the company’s stock valued at $40,531,000 after purchasing an additional 2,671,862 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Bilibili by 482.8% in the 2nd quarter. BlackRock Inc. now owns 2,331,934 shares of the company’s stock valued at $32,624,000 after purchasing an additional 1,931,783 shares during the last quarter. TB Alternative Assets Ltd. lifted its stake in shares of Bilibili by 54.5% in the 3rd quarter. TB Alternative Assets Ltd. now owns 1,978,412 shares of the company’s stock valued at $26,669,000 after purchasing an additional 697,812 shares during the last quarter. Finally, Vanguard Group Inc. acquired a new position in shares of Bilibili in the 3rd quarter valued at $16,513,000. 12.19% of the stock is currently owned by institutional investors and hedge funds.
Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Tuesday, November 20th. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.02). The business had revenue of $157.08 million during the quarter, compared to the consensus estimate of $147.46 million. Sell-side analysts predict that Bilibili will post -0.43 earnings per share 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 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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