Bilibili (NASDAQ:BILI) Upgraded by Daiwa Capital Markets to Buy Rating

Daiwa Capital Markets upgraded shares of Bilibili (NASDAQ:BILI) from a neutral rating to a buy rating in a report published on Friday morning, Marketbeat Ratings reports.

BILI has been the topic of a number of other research reports. Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Sanford C. Bernstein lifted their target price on Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Bank of America lifted their target price on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $14.00 to $19.00 in a report on Friday, August 23rd. Finally, Daiwa America cut Bilibili from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $18.15.

Bilibili Stock Performance

Shares of NASDAQ:BILI opened at $22.75 on Friday. The business’s fifty day moving average price is $20.08 and its two-hundred day moving average price is $16.78. The stock has a market cap of $9.43 billion, a PE ratio of -16.99 and a beta of 0.86. Bilibili has a one year low of $8.80 and a one year high of $31.77.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The business had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same period in the prior year, the company earned ($0.43) EPS. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, equities research analysts predict that Bilibili will post -0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Several institutional investors and hedge funds have recently added to or reduced their stakes in BILI. Quarry LP bought a new stake in Bilibili during the 2nd quarter worth about $29,336,000. First Beijing Investment Ltd raised its holdings in shares of Bilibili by 96.2% in the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after purchasing an additional 1,860,496 shares during the period. OLD Mission Capital LLC bought a new stake in shares of Bilibili in the 1st quarter valued at about $14,849,000. Jennison Associates LLC raised its holdings in shares of Bilibili by 208.4% in the 3rd quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock valued at $42,260,000 after purchasing an additional 1,221,433 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Bilibili by 385.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock valued at $15,162,000 after purchasing an additional 779,614 shares during the period. 16.08% of the stock is owned by institutional investors.

Bilibili Company Profile

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.