Bilibili (NASDAQ:BILI) Lifted to Buy at The Goldman Sachs Group

Bilibili (NASDAQ:BILI) was upgraded by stock analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Thursday, MarketBeat Ratings reports. The brokerage currently has a $22.60 price objective on the stock, up from their prior price objective of $16.50. The Goldman Sachs Group’s price objective indicates a potential upside of 23.70% from the company’s current price.

A number of other analysts also recently weighed in on BILI. Morgan Stanley initiated coverage on shares of Bilibili in a report on Wednesday. They set an “equal weight” rating and a $20.00 price target for the company. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a research note on Tuesday, June 18th. Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $14.00 to $19.00 in a research note on Friday, August 23rd. UBS Group upgraded Bilibili from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $11.90 to $18.00 in a research report on Friday, May 31st. Finally, Daiwa America upgraded Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.83.

Bilibili Price Performance

Shares of NASDAQ BILI opened at $18.27 on Thursday. The business has a fifty day moving average price of $14.89 and a two-hundred day moving average price of $14.25. The stock has a market capitalization of $7.57 billion, a PE ratio of -10.94 and a beta of 0.83. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $18.64.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The company had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.43) EPS. On average, equities analysts expect that Bilibili will post -0.4 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in shares of Bilibili by 61.9% during the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares during the period. Parallel Advisors LLC raised its position in Bilibili by 62.6% during the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after purchasing an additional 1,734 shares during the last quarter. Sandia Investment Management LP bought a new position in Bilibili during the 1st quarter worth $112,000. Beck Bode LLC acquired a new position in Bilibili during the 2nd quarter worth about $165,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Bilibili by 10.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock valued at $272,000 after buying an additional 1,650 shares during the last quarter. Institutional investors own 16.08% of the company’s stock.

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.