Bilibili (NASDAQ:BILI) Stock Rating Upgraded by TheStreet

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

A number of other equities research analysts also recently issued reports on BILI. Goldman Sachs Group initiated coverage on shares of Bilibili in a research note on Wednesday, August 7th. They set a buy rating and a $21.50 price target on the stock. Nomura initiated coverage on shares of Bilibili in a research note on Wednesday, October 9th. They set a buy rating and a $18.00 price target on the stock. JPMorgan Chase & Co. set a $15.00 price target on shares of Bilibili and gave the company a hold rating in a research note on Thursday, August 29th. Zacks Investment Research downgraded shares of Bilibili from a buy rating to a hold rating in a research note on Monday, September 2nd. Finally, ValuEngine downgraded shares of Bilibili from a buy rating to a hold rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $19.14.

NASDAQ BILI traded down $0.37 during trading hours 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 firm has a market capitalization of $4.57 billion, a P/E ratio of -43.63 and a beta of 1.85. The business’s fifty day moving average price is $14.91 and its two-hundred day moving average price is $15.24. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.40. Bilibili has a 52 week low of $12.66 and a 52 week high of $21.50.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Monday, August 26th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ 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 net margin of 17.94% and a negative return on equity of 13.32%. On average, sell-side analysts expect that Bilibili will post -0.58 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. US Bancorp DE raised its stake in shares of Bilibili by 2.1% in the second 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 raised its stake in shares of Bilibili by 8.9% in the second 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 raised its stake in shares of Bilibili by 100.0% in the second 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 stake in shares of Bilibili in the second quarter valued at $65,000. Finally, O Shares Investment Advisers LLC raised its stake in shares of Bilibili by 23.3% in the second 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 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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Analyst Recommendations for Bilibili (NASDAQ:BILI)

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