HSBC Upgrades Bilibili (NASDAQ:BILI) to “Buy”

Bilibili (NASDAQ:BILI) was upgraded by research analysts at HSBC from a “hold” rating to a “buy” rating in a report issued on Wednesday,Benzinga reports. The brokerage currently has a $22.50 price objective on the stock, up from their prior price objective of $21.50. HSBC’s price target would indicate a potential upside of 23.97% from the stock’s current price.

Several other brokerages have also recently commented on BILI. Benchmark raised their target price on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays lifted their price objective on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Nomura Securities lowered Bilibili from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.24.

Bilibili Stock Performance

BILI opened at $18.15 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. The business has a fifty day simple moving average of $18.02 and a 200 day simple moving average of $18.88. Bilibili has a 1 year low of $12.72 and a 1 year high of $31.77. The company has a market capitalization of $7.56 billion, a PE ratio of -40.33 and a beta of 0.93.

Bilibili (NASDAQ:BILI) last announced its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Research analysts expect that Bilibili will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Bilibili

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of Bilibili during the first quarter worth $26,725,000. Federated Hermes Inc. increased its holdings in Bilibili by 44,249.8% in the 1st quarter. Federated Hermes Inc. now owns 1,346,459 shares of the company’s stock worth $25,731,000 after purchasing an additional 1,343,423 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Bilibili during the fourth quarter valued at about $11,584,000. XY Capital Ltd bought a new stake in shares of Bilibili during the first quarter worth about $11,409,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Bilibili by 3,328.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 608,514 shares of the company’s stock valued at $11,020,000 after buying an additional 590,763 shares during the last quarter. 16.08% of the stock is owned by institutional investors.

Bilibili Company Profile

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.