Bilibili (NASDAQ:BILI) Upgraded to “C-” by TheStreet

TheStreet upgraded shares of Bilibili (NASDAQ:BILI) from a d rating to a c- rating in a research note issued to investors on Thursday morning, TheStreetRatingsTable reports.

A number of other equities research analysts have also issued reports on BILI. Citigroup cut their price target on shares of Bilibili from $23.00 to $20.00 and set a buy rating on the stock in a report on Tuesday, August 27th. ValuEngine lowered shares of Bilibili from a buy rating to a hold rating in a report on Thursday, August 1st. Goldman Sachs Group began coverage on shares of Bilibili in a report on Wednesday, August 7th. They issued a buy rating and a $21.50 price target on the stock. JPMorgan Chase & Co. set a $15.00 target price on shares of Bilibili and gave the company a hold rating in a research note on Thursday, August 29th. Finally, Nomura began coverage on shares of Bilibili in a research note on Wednesday, October 9th. They set a buy rating and a $18.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $19.14.

NASDAQ BILI traded down $0.37 on Thursday, hitting $16.58. The stock had a trading volume of 2,977,400 shares, compared to its average volume of 3,662,141. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of -43.63 and a beta of 1.85. Bilibili has a 52-week low of $12.66 and a 52-week high of $21.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.80 and a current ratio of 2.80. The firm has a 50-day moving average of $14.91 and a 200-day moving average of $15.24.

Bilibili (NASDAQ:BILI) last announced its quarterly earnings results on Monday, August 26th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The business had revenue of $225.43 million for the quarter, compared to analyst estimates of $212.73 million. Bilibili had a negative net margin of 17.94% and a negative return on equity of 13.32%. As a group, research analysts anticipate that Bilibili will post -0.58 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. US Bancorp DE lifted its position in Bilibili by 2.1% during the 2nd quarter. US Bancorp DE now owns 43,392 shares of the company’s stock valued at $706,000 after acquiring an additional 899 shares during the period. Comerica Bank lifted its position in Bilibili by 8.9% during the 2nd quarter. Comerica Bank now owns 12,783 shares of the company’s stock valued at $199,000 after acquiring an additional 1,046 shares during the period. NEXT Financial Group Inc lifted its position in Bilibili by 100.0% during the 2nd quarter. NEXT Financial Group Inc now owns 5,000 shares of the company’s stock valued at $81,000 after acquiring an additional 2,500 shares during the period. AlphaOne Investment Services LLC purchased a new position in Bilibili during the 2nd quarter valued at about $65,000. Finally, O Shares Investment Advisers LLC lifted its position in Bilibili by 23.3% during the 2nd quarter. O Shares Investment Advisers LLC now owns 43,829 shares of the company’s stock valued at $713,000 after acquiring an additional 8,286 shares during the period. 31.13% of the stock is currently owned by hedge funds and other 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 platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.

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Analyst Recommendations for Bilibili (NASDAQ:BILI)

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