Bilibili (NASDAQ:BILI) Upgraded by Daiwa America to Strong-Buy Rating

Daiwa America upgraded shares of Bilibili (NASDAQ:BILI) from a hold rating to a strong-buy rating in a research report released on Friday morning,Zacks.com reports.

BILI has been the topic of a number of other reports. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a report on Friday. Nomura Securities upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, August 22nd. Barclays upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $14.00 to $19.00 in a report on Friday, August 23rd. Finally, Morgan Stanley began coverage on shares of Bilibili in a report on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Bilibili presently has a consensus rating of “Moderate Buy” and an average target price of $18.15.

Bilibili Stock Performance

Shares of BILI stock opened at $22.75 on Friday. The firm’s 50 day moving average price is $20.08 and its 200-day moving average price is $16.78. Bilibili has a one year low of $8.80 and a one year high of $31.77. The firm has a market cap of $9.43 billion, a P/E ratio of -16.98 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $6.10 billion. During the same quarter in the prior year, the company posted ($0.43) earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. As a group, research analysts predict that Bilibili will post -0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC lifted its stake in shares of Bilibili by 6.5% in the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock worth $228,000 after acquiring an additional 598 shares during the period. CWM LLC lifted its stake in shares of Bilibili by 61.9% in the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after acquiring an additional 853 shares during the period. Blue Trust Inc. lifted its stake in shares of Bilibili by 227.3% in the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after acquiring an additional 891 shares during the period. SG Americas Securities LLC lifted its stake in shares of Bilibili by 4.9% in the 2nd quarter. SG Americas Securities LLC now owns 33,711 shares of the company’s stock worth $520,000 after acquiring an additional 1,569 shares during the period. Finally, Creative Planning lifted its stake in shares of 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 purchasing an additional 1,632 shares during the period. 16.08% of the stock is 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.