Bilibili (NASDAQ:BILI) Lowered to Hold at Daiwa America

Bilibili (NASDAQ:BILI) was downgraded by equities research analysts at Daiwa America from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

BILI has been the topic of several other reports. Morgan Stanley assumed coverage on Bilibili in a research note on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 target price on the stock. Sanford C. Bernstein boosted their target price on Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. 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 report on Tuesday, June 18th. Barclays upgraded shares of 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 report on Friday, August 23rd. Finally, Daiwa Capital Markets lowered shares of Bilibili from an “outperform” rating to a “neutral” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.83.

Bilibili Stock Performance

Shares of Bilibili stock opened at $27.57 on Thursday. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of -16.51 and a beta of 0.83. The company has a fifty day moving average of $16.36 and a 200-day moving average of $14.88. Bilibili has a 52-week low of $8.80 and a 52-week high of $31.77.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55). The company had revenue of $6.13 billion for 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 firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the business posted ($0.43) earnings per share. On average, equities research analysts forecast that Bilibili will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Several hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC increased its stake in shares of Bilibili by 34.7% during the third quarter. SG Americas Securities LLC now owns 45,416 shares of the company’s stock valued at $1,062,000 after purchasing an additional 11,705 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Bilibili during the 2nd quarter valued at approximately $7,799,000. Point72 Asset Management L.P. purchased a new position in Bilibili during the second quarter valued at $8,128,000. Quarry LP purchased a new position in Bilibili during the second quarter valued at $29,336,000. Finally, Creative Planning boosted its holdings in Bilibili by 6.7% in the second quarter. Creative Planning now owns 25,819 shares of the company’s stock worth $399,000 after acquiring an additional 1,632 shares in 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.