Mizuho Forecasts Strong Price Appreciation for Bilibili (NASDAQ:BILI) Stock

Bilibili (NASDAQ:BILI) had its target price boosted by equities researchers at Mizuho from $17.00 to $21.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target indicates a potential downside of 7.69% from the company’s current price.

Several other analysts also recently weighed in on BILI. The Goldman Sachs Group upgraded Bilibili from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.50 to $22.60 in a research report on Thursday, September 26th. Sanford C. Bernstein raised their target price on Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Nomura Securities raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Nomura upgraded Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, August 22nd. Finally, Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $14.00 to $19.00 in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.51.

Bilibili Trading Up 0.7 %

Shares of BILI opened at $22.75 on Tuesday. Bilibili has a 1 year low of $8.80 and a 1 year high of $31.77. The stock has a market cap of $9.43 billion, a P/E ratio of -16.98 and a beta of 0.86. The stock’s 50-day moving average price is $20.08 and its two-hundred day moving average price is $16.78.

Bilibili (NASDAQ:BILI) last released its earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The firm had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The company’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.43) EPS. As a group, equities analysts forecast that Bilibili will post -0.32 EPS for the current year.

Institutional Trading of Bilibili

A number of large investors have recently bought and sold shares of BILI. Janney Montgomery Scott LLC purchased a new stake in Bilibili in the first quarter worth $951,000. GSA Capital Partners LLP purchased a new stake in Bilibili in the first quarter worth $460,000. Acadian Asset Management LLC purchased a new stake in Bilibili in the first quarter worth $408,000. Natixis purchased a new position in shares of Bilibili in the first quarter valued at $537,000. Finally, OLD Mission Capital LLC purchased a new position in shares of Bilibili in the first quarter valued at $14,849,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.