HSBC Upgrades Bilibili (NASDAQ:BILI) to “Buy”

Bilibili (NASDAQ:BILI) was upgraded by equities researchers at HSBC from a “hold” rating to a “buy” rating in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a $22.50 target price on the stock, up from their previous target price of $21.50. HSBC’s target price points to a potential upside of 23.97% from the stock’s previous close.

Other analysts also recently issued reports about the company. Barclays increased their price target on Bilibili from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Benchmark raised their target price on Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Nomura Securities lowered Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.24.

Bilibili Stock Performance

NASDAQ:BILI opened at $18.15 on Wednesday. The company has a market capitalization of $7.56 billion, a PE ratio of -40.33 and a beta of 0.93. The company has a 50 day simple moving average of $18.02 and a two-hundred day simple moving average of $18.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.05 and a current ratio of 1.34. Bilibili has a fifty-two week low of $12.72 and a fifty-two week high of $31.77.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Research analysts anticipate that Bilibili will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Bilibili

A number of hedge funds have recently added to or reduced their stakes in BILI. Barclays PLC grew its position in Bilibili by 13.5% in the 3rd quarter. Barclays PLC now owns 127,563 shares of the company’s stock valued at $2,982,000 after purchasing an additional 15,136 shares during the period. Avior Wealth Management LLC grew its holdings in shares of Bilibili by 1,817.7% during the fourth quarter. Avior Wealth Management LLC now owns 1,515 shares of the company’s stock valued at $27,000 after buying an additional 1,436 shares during the last quarter. Blue Trust Inc. increased its position in shares of Bilibili by 147.8% during the fourth quarter. Blue Trust Inc. now owns 3,179 shares of the company’s stock worth $58,000 after acquiring an additional 1,896 shares in the last quarter. Matthews International Capital Management LLC increased its position in shares of Bilibili by 11.3% during the fourth quarter. Matthews International Capital Management LLC now owns 351,423 shares of the company’s stock worth $6,364,000 after acquiring an additional 35,692 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Bilibili by 26.4% in the 4th quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock worth $41,386,000 after acquiring an additional 477,740 shares during the last quarter. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.