Bilibili (NASDAQ:BILI) Receives New Coverage from Analysts at Morgan Stanley

Research analysts at Morgan Stanley initiated coverage on shares of Bilibili (NASDAQ:BILI) in a report issued on Wednesday, MarketBeat reports. The brokerage set an “equal weight” rating and a $20.00 price target on the stock. Morgan Stanley’s target price suggests a potential downside of 5.17% from the company’s current price.

A number of other research analysts have also weighed in on BILI. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to an “outperform” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. upgraded Bilibili from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a report on Tuesday, June 18th. Bank of America lifted their price target on Bilibili from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Sanford C. Bernstein upped their price objective on Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Finally, Nomura raised Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, August 22nd. 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.83.

Bilibili Stock Up 15.4 %

Shares of BILI stock opened at $21.09 on Wednesday. Bilibili has a 12-month low of $8.80 and a 12-month high of $21.62. The firm has a fifty day moving average of $15.00 and a 200-day moving average of $14.30. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of -12.63 and a beta of 0.83.

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

Institutional Investors Weigh In On Bilibili

A number of large investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of Bilibili during the second quarter worth $29,336,000. OLD Mission Capital LLC acquired a new stake in Bilibili in the first quarter valued at about $14,849,000. Cubist Systematic Strategies LLC grew its holdings in shares of Bilibili by 385.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 981,969 shares of the company’s stock valued at $15,162,000 after purchasing an additional 779,614 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Bilibili during the second quarter worth $11,490,000. Finally, SIH Partners LLLP increased its holdings in Bilibili by 145.9% in the 2nd quarter. SIH Partners LLLP now owns 1,195,420 shares of the company’s stock worth $18,457,000 after purchasing an additional 709,200 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

About Bilibili

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.