Bilibili (NASDAQ:BILI) Lowered to “Neutral” at Daiwa Capital Markets

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

BILI has been the topic of a number of other research reports. JPMorgan Chase & Co. raised shares of Bilibili from a neutral rating to an overweight rating and set a $21.00 price target on the stock in a report on Tuesday, June 18th. Daiwa America upgraded Bilibili from a moderate buy rating to a strong-buy rating in a research note on Thursday, August 22nd. The Goldman Sachs Group upgraded Bilibili from a neutral rating to a buy rating and increased their price target for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Nomura Securities upgraded Bilibili from a hold rating to a strong-buy rating in a research note on Thursday, August 22nd. Finally, Sanford C. Bernstein increased their target price on shares of Bilibili from $12.00 to $13.00 and gave the stock a market perform rating in a research report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $17.83.

Bilibili Trading Up 1.9 %

Shares of Bilibili stock opened at $27.57 on Thursday. The firm has a market capitalization of $11.39 billion, a P/E ratio of -16.51 and a beta of 0.86. The business’s fifty day simple moving average is $16.36 and its 200 day simple moving average is $14.92. Bilibili has a 12 month low of $8.80 and a 12 month high of $31.77.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The company had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. Bilibili’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.43) EPS. Analysts predict that Bilibili will post -0.4 EPS for the current fiscal year.

Institutional Trading of Bilibili

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC grew its position in shares of Bilibili by 61.9% during the 2nd quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after purchasing an additional 853 shares in the last quarter. Parallel Advisors LLC grew its position in 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 in the last quarter. Sandia Investment Management LP bought a new position in Bilibili in the 1st quarter worth about $112,000. Beck Bode LLC bought a new position in Bilibili in the 2nd quarter worth about $165,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Bilibili by 10.3% in the 2nd 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. Institutional investors own 16.08% of the company’s stock.

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.