Bilibili Inc. Sponsored ADR (NASDAQ:BILI) Stock Has Consensus Target Price of $29.39

Shares of Bilibili Inc. Sponsored ADR (NASDAQ:BILI) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $29.39.

Several research firms recently weighed in on BILI. Piper Sandler set a $29.00 price objective on Bilibili in a research note on Friday, August 28th. BNP Paribas Exane initiated coverage on Bilibili in a research report on Tuesday, September 22nd. They set an “outperform” rating and a $23.00 target price on the stock. Benchmark reissued a “buy” rating on shares of Bilibili in a report on Friday, August 28th. Citigroup lowered their target price on Bilibili from $27.00 to $26.50 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Finally, Morgan Stanley restated an “overweight” rating and issued a $27.00 price target on shares of Bilibili in a research report on Thursday, August 27th.

Bilibili Trading Down 2.4%

NASDAQ:BILI opened at $14.31 on Tuesday. Bilibili has a 1 year low of $12.64 and a 1 year high of $36.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a fifty day moving average price of $14.62 and a two-hundred day moving average price of $20.29. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 1.26 and a beta of 0.64.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Saturday, August 15th. The company reported $0.23 earnings per share for the quarter. Bilibili had a net margin of 4.88% and a return on equity of 11.42%. The business had revenue of $1.17 billion for the quarter. As a group, sell-side analysts anticipate that Bilibili will post 0.60 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its position in shares of Bilibili by 121.1% in the first quarter. Renaissance Technologies LLC now owns 507,335 shares of the company’s stock valued at $11,445,000 after purchasing an additional 277,900 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Bilibili by 230.5% in the 1st quarter. Hsbc Holdings PLC now owns 199,039 shares of the company’s stock valued at $4,458,000 after buying an additional 138,810 shares in the last quarter. XY Capital Ltd lifted its stake in Bilibili by 148.1% in the 2nd quarter. XY Capital Ltd now owns 253,880 shares of the company’s stock valued at $4,324,000 after buying an additional 151,563 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Bilibili by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 170,834 shares of the company’s stock valued at $3,854,000 after buying an additional 11,413 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Bilibili by 222.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 113,456 shares of the company’s stock valued at $1,700,000 after buying an additional 78,276 shares during the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

About Bilibili

Bilibili Inc operates an online entertainment platform in China, where users watch, share and create video content. The platform is known for its danmu feature, which displays viewers’ comments across videos in real time, and for communities centered on animation, comics and games, alongside a wider range of interests.

Founded in 2009 by Xu Yi, Bilibili began as a site focused on animation and related content before expanding into a broader video and entertainment service. Its offerings include professionally produced and user-generated videos, live streaming, online games and paid membership services.

Bilibili primarily serves users in China and generates revenue through services such as advertising, games and value-added offerings, including live-streaming features and memberships.