Bilibili (NASDAQ:BILI) Now Covered by Morgan Stanley

Morgan Stanley initiated coverage on shares of Bilibili (NASDAQ:BILI) in a report published on Wednesday, Marketbeat reports. The firm issued an equal weight rating and a $20.00 price objective on the stock.

BILI has been the topic of a number of other reports. Bank of America boosted their target price on shares of Bilibili from $18.00 to $19.00 and gave the company a buy rating in a research note on Tuesday, September 3rd. Daiwa Capital Markets upgraded shares of Bilibili from a neutral rating to an outperform rating in a research note on Thursday, August 22nd. Nomura Securities upgraded shares of Bilibili from a hold rating to a strong-buy rating in a research note on Thursday, August 22nd. UBS Group upgraded shares of Bilibili from a neutral rating to a buy rating and boosted their target price for the company from $11.90 to $18.00 in a research note on Friday, May 31st. Finally, JPMorgan Chase & Co. upgraded shares of Bilibili from a neutral rating to an overweight rating and set a $21.00 price target on the stock in a research note on Tuesday, June 18th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $17.83.

Bilibili Stock Performance

Bilibili stock opened at $22.92 on Wednesday. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $23.03. The stock has a market cap of $9.47 billion, a PE ratio of -13.72 and a beta of 0.83. The firm’s 50-day simple moving average is $15.16 and its 200 day simple moving average is $14.37.

Bilibili (NASDAQ:BILI) last released 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 firm had revenue of $6.13 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the firm posted ($0.43) earnings per share. As a group, analysts predict that Bilibili will post -0.4 EPS for the current fiscal year.

Institutional Trading of Bilibili

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Bilibili during the 2nd quarter worth approximately $7,799,000. Point72 Asset Management L.P. bought a new position in shares of Bilibili in the 2nd quarter worth $8,128,000. Quarry LP purchased a new stake in shares of Bilibili in the 2nd quarter valued at $29,336,000. Creative Planning boosted its stake in shares of Bilibili by 6.7% in the 2nd quarter. Creative Planning now owns 25,819 shares of the company’s stock valued at $399,000 after purchasing an additional 1,632 shares in the last quarter. Finally, SIH Partners LLLP boosted its stake in shares of Bilibili by 145.9% in the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock valued at $18,457,000 after purchasing an additional 709,200 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.