Bilibili (NASDAQ:BILI) was upgraded by investment analysts at TheStreet from a “d” rating to a “c-” rating in a report issued on Thursday, TheStreetRatingsTable reports.
Several other analysts also recently issued reports on BILI. Nomura assumed coverage on Bilibili in a research note on Wednesday, October 9th. They set a “buy” rating and a $18.00 target price on the stock. Zacks Investment Research downgraded Bilibili from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. ValuEngine downgraded Bilibili from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Citigroup decreased their target price on Bilibili from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Finally, JPMorgan Chase & Co. set a $15.00 target price on Bilibili and gave the company a “hold” rating in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $19.14.
Shares of Bilibili stock traded down $0.37 during trading on Thursday, hitting $16.58. 2,977,400 shares of the company’s stock traded hands, compared to its average volume of 3,662,141. The business has a 50-day simple moving average of $14.91 and a 200-day simple moving average of $15.24. The stock has a market capitalization of $4.57 billion, a P/E ratio of -43.63 and a beta of 1.85. Bilibili has a 1 year low of $12.66 and a 1 year high of $21.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.80 and a quick ratio of 2.80.
Bilibili (NASDAQ:BILI) last issued its earnings results on Monday, August 26th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. The company had revenue of $225.43 million for the quarter, compared to the consensus estimate of $212.73 million. Bilibili had a negative return on equity of 13.32% and a negative net margin of 17.94%. On average, equities analysts predict that Bilibili will post -0.58 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. AlphaOne Investment Services LLC bought a new stake in Bilibili in the 2nd quarter worth approximately $65,000. NEXT Financial Group Inc increased its stake in Bilibili by 100.0% in the 2nd quarter. NEXT Financial Group Inc now owns 5,000 shares of the company’s stock worth $81,000 after acquiring an additional 2,500 shares during the last quarter. SG Americas Securities LLC bought a new stake in Bilibili in the 3rd quarter worth approximately $177,000. Comerica Bank increased its stake in Bilibili by 8.9% in the 2nd quarter. Comerica Bank now owns 12,783 shares of the company’s stock worth $199,000 after acquiring an additional 1,046 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in Bilibili in the 3rd quarter worth approximately $252,000. 31.13% of the stock is currently owned by institutional investors and hedge funds.
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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