Zacks: Bilibili Inc – (BILI) Given Consensus Recommendation of “Strong Buy” by Analysts

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Bilibili Inc – (NASDAQ:BILI) has earned a consensus broker rating score of 1.17 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and two have given a strong buy recommendation to the company.

Brokerages have set a twelve-month consensus price objective of $15.60 for the company and are predicting that the company will post ($0.09) EPS for the current quarter, according to Zacks. Zacks has also assigned Bilibili an industry rank of 112 out of 255 based on the ratings given to its competitors.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Bilibili from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Wednesday, August 29th. Bank of America raised their price target on shares of Bilibili from $13.00 to $15.30 and gave the company a “buy” rating in a research report on Thursday, May 24th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ariose Capital Management Ltd acquired a new stake in Bilibili in the 2nd quarter valued at about $369,300,000. Glen Harbor Capital Management LLC acquired a new stake in Bilibili in the 2nd quarter worth approximately $105,000. Comerica Bank acquired a new position in shares of Bilibili during the second quarter worth approximately $144,000. Tiverton Asset Management LLC acquired a new position in shares of Bilibili during the second quarter worth approximately $202,000. Finally, Barings LLC acquired a new position in shares of Bilibili during the first quarter worth approximately $164,000. Institutional investors and hedge funds own 9.77% of the company’s stock.

Shares of NASDAQ BILI traded up $0.01 during mid-day trading on Friday, hitting $11.41. 81,541 shares of the company’s stock traded hands, compared to its average volume of 5,770,831. Bilibili has a 1 year low of $9.09 and a 1 year high of $22.70.

Bilibili (NASDAQ:BILI) last announced its earnings results on Monday, August 27th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The firm had revenue of $155.10 million for the quarter, compared to analysts’ expectations of $142.41 million. During the same quarter last year, the company earned ($3.03) EPS. The company’s quarterly revenue was up 76.1% on a year-over-year basis. sell-side analysts expect that Bilibili will post -0.3 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 platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. The company was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.

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