Bilibili (NASDAQ:BILI) Stock Rating Upgraded by Daiwa America

Bilibili (NASDAQ:BILI) was upgraded by investment analysts at Daiwa America from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Sanford C. Bernstein boosted their price objective on shares of Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Morgan Stanley assumed coverage on Bilibili in a research note on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 price target for the company. Bank of America boosted their price objective on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th. Nomura raised 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. Finally, Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Bilibili currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.51.

Bilibili Trading Up 0.7 %

NASDAQ:BILI opened at $22.75 on Friday. Bilibili has a 12 month low of $8.80 and a 12 month high of $31.77. The company has a market cap of $9.43 billion, a PE ratio of -16.98 and a beta of 0.86. The company has a 50 day simple moving average of $20.08 and a two-hundred day simple moving average of $16.78.

Bilibili (NASDAQ:BILI) last posted its earnings results on Thursday, August 22nd. The company reported ($0.65) 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 company had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. During the same period last year, the firm posted ($0.43) EPS. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. Research analysts forecast that Bilibili will post -0.32 earnings per share for the current year.

Institutional Investors Weigh In On Bilibili

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BILI. Quarry LP bought a new stake in Bilibili during the 2nd quarter valued at about $29,336,000. First Beijing Investment Ltd raised its holdings in shares of Bilibili by 96.2% in the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after purchasing an additional 1,860,496 shares in the last quarter. OLD Mission Capital LLC bought a new stake in shares of Bilibili in the 1st quarter valued at about $14,849,000. Jennison Associates LLC raised its holdings in shares of Bilibili by 208.4% in the 3rd quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock valued at $42,260,000 after purchasing an additional 1,221,433 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of Bilibili by 385.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock worth $15,162,000 after buying an additional 779,614 shares during the last quarter. Institutional investors 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.