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

Nomura Securities downgraded shares of Bilibili (NASDAQ:BILI - Free Report) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on BILI. Daiwa Capital Markets raised shares of Bilibili from a "neutral" rating to a "buy" rating in a research note on Friday, November 8th. Mizuho lifted their price objective on shares of Bilibili from $17.00 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Barclays lifted their target price on shares of Bilibili from $24.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Benchmark lifted their target price on shares of Bilibili from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Daiwa America raised shares of Bilibili from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $20.33.

Bilibili Price Performance

Shares of BILI traded down $0.36 during mid-day trading on Tuesday, hitting $20.34. The company's stock had a trading volume of 4,798,368 shares, compared to its average volume of 7,543,363. The firm has a 50-day moving average price of $18.39 and a 200 day moving average price of $18.83. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of -45.20 and a beta of 0.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.34 and a quick ratio of 1.05. Bilibili has a fifty-two week low of $9.63 and a fifty-two week high of $31.77.

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Bilibili (NASDAQ:BILI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.05 billion. Bilibili had a negative net margin of 5.01% and a negative return on equity of 8.23%. On average, research analysts predict that Bilibili will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BILI. First Beijing Investment Ltd grew 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 valued at $88,694,000 after purchasing an additional 1,860,496 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Bilibili by 422.0% in the third quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company's stock valued at $52,747,000 after acquiring an additional 1,823,829 shares during the last quarter. Two Sigma Advisers LP grew its position in Bilibili by 14,710.1% in the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company's stock worth $41,205,000 after acquiring an additional 1,750,500 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Bilibili by 208.4% during the 3rd quarter. Jennison Associates LLC now owns 1,807,524 shares of the company's stock worth $42,260,000 after purchasing an additional 1,221,433 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of Bilibili during the 4th quarter valued at $11,584,000. 16.08% of the stock is owned by hedge funds and other institutional investors.

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.