Bilibili (NASDAQ:BILI) Stock Rating Upgraded by The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Bilibili (NASDAQ:BILI) from a neutral rating to a buy rating in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage currently has $22.60 target price on the stock, up from their previous target price of $16.50.

A number of other research analysts have also recently weighed in on BILI. JPMorgan Chase & Co. raised shares of Bilibili from a neutral rating to an overweight rating and set a $21.00 price objective for the company in a research note on Tuesday, June 18th. Daiwa America upgraded shares of Bilibili from a moderate buy rating to a strong-buy rating in a research report on Thursday, August 22nd. Morgan Stanley began coverage on Bilibili in a report on Wednesday, September 25th. They issued an equal weight rating and a $20.00 price target for the company. Daiwa Capital Markets upgraded Bilibili from a neutral rating to an outperform rating in a report on Thursday, August 22nd. Finally, Nomura upgraded Bilibili from a neutral rating to a buy rating and set a $18.00 target price for the company in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bilibili presently has a consensus rating of Moderate Buy and an average price target of $17.83.

Bilibili Stock Performance

Shares of BILI stock opened at $22.92 on Thursday. The firm has a market capitalization of $9.47 billion, a PE ratio of -13.72 and a beta of 0.83. The stock’s 50-day simple moving average is $15.16 and its 200-day simple moving average is $14.38. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $23.03.

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 the consensus estimate of ($0.10) by ($0.55). The business had revenue of $6.13 billion for the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.43) EPS. Sell-side analysts forecast that Bilibili will post -0.4 earnings per share for the current year.

Hedge Funds Weigh In On Bilibili

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC increased its stake in shares of Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock worth $34,000 after buying an additional 853 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Bilibili by 62.6% during the fourth quarter. Parallel Advisors LLC now owns 4,503 shares of the company’s stock worth $55,000 after buying an additional 1,734 shares during the period. Sandia Investment Management LP acquired a new position in Bilibili during the 1st quarter worth $112,000. Beck Bode LLC bought a new position in Bilibili in the 2nd quarter valued at about $165,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Bilibili by 10.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,610 shares of the company’s stock valued at $272,000 after acquiring an additional 1,650 shares in the last quarter. 16.08% of the stock is owned by institutional investors and hedge funds.

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.