Bilibili (NASDAQ:BILI) Upgraded by Daiwa America to Strong-Buy Rating

Bilibili (NASDAQ:BILI) was upgraded by analysts at Daiwa America from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

Several other brokerages have also recently commented on BILI. Bank of America lifted their price objective on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Sanford C. Bernstein lifted their price objective on shares of Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, August 22nd. Morgan Stanley assumed coverage on shares of Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price objective for the company. Finally, Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.51.

Bilibili Trading Up 0.7 %

NASDAQ:BILI opened at $22.75 on Friday. The company has a market cap of $9.43 billion, a PE ratio of -16.98 and a beta of 0.86. Bilibili has a twelve month low of $8.80 and a twelve month high of $31.77. The company’s 50 day moving average is $20.08 and its two-hundred day moving average is $16.78.

Bilibili (NASDAQ:BILI) last released its 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 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% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.43) EPS. As a group, analysts expect that Bilibili will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Bilibili

A number of large investors have recently added to or reduced their stakes in the stock. First Beijing Investment Ltd raised its position in Bilibili by 96.2% during the third quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock worth $88,694,000 after acquiring an additional 1,860,496 shares during the period. Quarry LP purchased a new stake in shares of Bilibili during the second quarter worth $29,336,000. Jennison Associates LLC grew its holdings in shares of Bilibili by 208.4% during the third quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock worth $42,260,000 after buying an additional 1,221,433 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Bilibili during the first quarter worth $14,849,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Bilibili by 31.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,294,180 shares of the company’s stock worth $30,258,000 after buying an additional 311,073 shares in the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

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.