Bilibili (NASDAQ:BILI) Stock Rating Lowered by Nomura Securities

Bilibili (NASDAQ:BILI) was downgraded by equities research analysts at Nomura Securities from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

BILI has been the subject of a number of other reports. Barclays lifted their price target on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Benchmark boosted their target price on shares of Bilibili from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a report on Friday, November 8th. Finally, Mizuho increased their price target on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Bilibili presently has a consensus rating of “Moderate Buy” and an average target price of $20.33.

Bilibili Stock Performance

NASDAQ BILI opened at $21.18 on Tuesday. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of -47.07 and a beta of 0.81. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.23. Bilibili has a 1-year low of $9.63 and a 1-year high of $31.77. The company has a 50 day moving average of $18.32 and a 200-day moving average of $18.72.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Bilibili had a negative return on equity of 8.23% and a negative net margin of 5.01%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. On average, equities analysts forecast that Bilibili will post 0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bilibili

Institutional investors and hedge funds have recently made changes to their positions in the business. First Beijing Investment Ltd grew its stake in Bilibili by 96.2% in the third quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after acquiring an additional 1,860,496 shares during the period. Jennison Associates LLC increased its position in shares of Bilibili by 26.4% during the fourth quarter. Jennison Associates LLC now owns 2,285,264 shares of the company’s stock valued at $41,386,000 after acquiring an additional 477,740 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Bilibili by 422.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock valued at $52,747,000 after purchasing an additional 1,823,829 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Bilibili by 14,710.1% during the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock worth $41,205,000 after buying an additional 1,750,500 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Bilibili by 16.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,504,143 shares of the company’s stock worth $27,240,000 after purchasing an additional 209,963 shares during the period. 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.