Bilibili (NASDAQ:BILI) Stock Rating Upgraded by Daiwa America

Daiwa America upgraded shares of Bilibili (NASDAQ:BILI) from a hold rating to a strong-buy rating in a report released on Friday morning,Zacks.com reports.

BILI has been the subject of a number of other reports. Morgan Stanley began coverage on shares of Bilibili in a report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price target for the company. Barclays upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $14.00 to $19.00 in a report on Friday, August 23rd. Bank of America lifted their price target on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. Sanford C. Bernstein boosted their target price on shares of Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Finally, Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Bilibili presently has an average rating of “Moderate Buy” and an average target price of $18.15.

Bilibili Trading Up 0.7 %

Shares of BILI opened at $22.75 on Friday. The stock has a market cap of $9.43 billion, a P/E ratio of -16.98 and a beta of 0.86. The company has a 50-day moving average of $20.08 and a two-hundred day moving average of $16.78. Bilibili has a 12-month low of $8.80 and a 12-month high of $31.77.

Bilibili (NASDAQ:BILI) last announced its earnings results 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 business had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The business’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, analysts forecast that Bilibili will post -0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SIH Partners LLLP lifted its position in shares of Bilibili by 145.9% during the second quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after purchasing an additional 709,200 shares in the last quarter. Natixis acquired a new stake in Bilibili in the first quarter valued at $537,000. Janney Montgomery Scott LLC acquired a new stake in Bilibili in the first quarter valued at $951,000. GSA Capital Partners LLP acquired a new stake in Bilibili in the first quarter valued at $460,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Bilibili during the second quarter valued at $7,799,000. 16.08% of the stock is owned by institutional investors and hedge funds.

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.