Bilibili (NASDAQ:BILI) Cut to Hold at Daiwa America

Daiwa America downgraded shares of Bilibili (NASDAQ:BILI) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday, Zacks.com reports.

A number of other research firms also recently commented on BILI. Barclays upgraded Bilibili from an equal weight rating to an overweight rating and raised their price objective for the stock from $14.00 to $19.00 in a report on Friday, August 23rd. Morgan Stanley began coverage on shares of Bilibili in a research report on Wednesday, September 25th. They set an equal weight rating and a $20.00 price target on the stock. Nomura raised shares of Bilibili from a neutral rating to a buy rating and set a $18.00 target price on the stock in a research note on Thursday, August 22nd. Daiwa Capital Markets cut shares of Bilibili from an outperform rating to a neutral rating in a research report on Thursday. Finally, The Goldman Sachs Group upgraded Bilibili from a neutral rating to a buy rating and increased their price target for the company from $16.50 to $22.60 in a report on Thursday, September 26th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $17.83.

Bilibili Stock Performance

Shares of BILI opened at $27.57 on Thursday. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $31.77. The stock has a fifty day moving average of $16.36 and a two-hundred day moving average of $14.92. The company has a market capitalization of $11.39 billion, a PE ratio of -16.51 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last issued its quarterly 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). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The business had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same period in the previous year, the business posted ($0.43) earnings per share. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities research analysts forecast that Bilibili will post -0.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

A number of institutional investors have recently modified their holdings of BILI. CWM LLC boosted its holdings in Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after purchasing an additional 853 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Bilibili by 62.6% in the 4th quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock valued at $55,000 after buying an additional 1,734 shares during the period. Sandia Investment Management LP bought a new stake in shares of Bilibili during the 1st quarter valued at about $112,000. Beck Bode LLC acquired a new stake in Bilibili during the second quarter worth about $165,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Bilibili by 10.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock worth $272,000 after acquiring an additional 1,650 shares during the period. Institutional investors and hedge funds own 16.08% of the company’s stock.

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.