Bilibili (NASDAQ:BILI) Downgraded by Daiwa Capital Markets to “Neutral”

Daiwa Capital Markets lowered shares of Bilibili (NASDAQ:BILI) from an outperform rating to a neutral rating in a research report sent to investors on Thursday morning, MarketBeat Ratings reports.

Other equities analysts have also issued research reports about the company. Barclays raised Bilibili from an equal weight rating to an overweight rating and upped their price target for the company from $14.00 to $19.00 in a research note on Friday, August 23rd. Morgan Stanley initiated coverage on shares of Bilibili in a research note on Wednesday, September 25th. They set an equal weight rating and a $20.00 target price for the company. The Goldman Sachs Group raised shares of Bilibili from a neutral rating to a buy rating and boosted their price target for the company from $16.50 to $22.60 in a research note on Thursday, September 26th. Bank of America increased their price objective on shares of Bilibili from $18.00 to $19.00 and gave the stock a buy rating in a research report on Tuesday, September 3rd. Finally, Nomura raised Bilibili from a neutral rating to a buy rating and set a $18.00 target price on the stock in a research report on Thursday, August 22nd. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $17.83.

Bilibili Trading Up 1.9 %

Shares of BILI opened at $27.57 on Thursday. Bilibili has a 12-month low of $8.80 and a 12-month high of $31.77. The firm has a market capitalization of $11.39 billion, a P/E ratio of -16.51 and a beta of 0.86. The firm has a 50-day moving average price of $16.36 and a 200 day moving average price of $14.91.

Bilibili (NASDAQ:BILI) last announced 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 firm had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same quarter in the prior year, the business earned ($0.43) EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. Equities research analysts predict that Bilibili will post -0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its stake in shares of Bilibili by 34.7% during the third quarter. SG Americas Securities LLC now owns 45,416 shares of the company’s stock worth $1,062,000 after buying an additional 11,705 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Bilibili during the 2nd quarter worth approximately $7,799,000. Point72 Asset Management L.P. purchased a new position in shares of Bilibili in the 2nd quarter valued at $8,128,000. Quarry LP acquired a new stake in Bilibili during the 2nd quarter worth $29,336,000. Finally, Creative Planning lifted its position in Bilibili by 6.7% in the second quarter. Creative Planning now owns 25,819 shares of the company’s stock valued at $399,000 after acquiring an additional 1,632 shares during the last quarter. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

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.