Bilibili (NASDAQ:BILI) was upgraded by equities researchers at TheStreet from a “d” rating to a “c-” rating in a research note issued on Thursday, TheStreetRatingsTable reports.
A number of other brokerages have also weighed in on BILI. Zacks Investment Research lowered Bilibili from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Goldman Sachs Group initiated coverage on Bilibili in a report on Wednesday, August 7th. They issued a “buy” rating and a $21.50 price objective on the stock. ValuEngine lowered Bilibili from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Jefferies Financial Group initiated coverage on Bilibili in a report on Monday, August 5th. They issued a “buy” rating and a $17.90 price objective on the stock. Finally, JPMorgan Chase & Co. set a $15.00 price objective on Bilibili and gave the company a “hold” rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $19.14.
Shares of BILI stock traded down $0.37 during mid-day trading on Thursday, hitting $16.58. The stock had a trading volume of 2,977,400 shares, compared to its average volume of 3,662,141. The firm’s 50-day moving average is $14.91 and its two-hundred day moving average is $15.24. Bilibili has a 12-month low of $12.66 and a 12-month high of $21.50. The firm has a market capitalization of $4.57 billion, a P/E ratio of -43.63 and a beta of 1.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.80 and a quick ratio of 2.80.
Bilibili (NASDAQ:BILI) last announced its earnings results on Monday, August 26th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.04. Bilibili had a negative return on equity of 13.32% and a negative net margin of 17.94%. The company had revenue of $225.43 million for the quarter, compared to analyst estimates of $212.73 million. Analysts expect that Bilibili will post -0.58 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. AlphaOne Investment Services LLC purchased a new stake in shares of Bilibili in the second quarter worth about $65,000. NEXT Financial Group Inc boosted its stake in shares of Bilibili by 100.0% in the second quarter. NEXT Financial Group Inc now owns 5,000 shares of the company’s stock worth $81,000 after buying an additional 2,500 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Bilibili in the third quarter worth about $177,000. Comerica Bank boosted its stake in shares of Bilibili by 8.9% in the second quarter. Comerica Bank now owns 12,783 shares of the company’s stock worth $199,000 after buying an additional 1,046 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Bilibili in the third quarter worth about $252,000. Hedge funds and other institutional investors own 31.13% of the company’s stock.
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.
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